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Title: Obamas and Bushs effects on the deficit in one graph
Source:
Washington Post
URL Source: http://www.washingtonpost.com/blogs ... I_blog.html?fb_ref=NetworkNews
Published: Jul 25, 2011
Author: Ezra Klein
Post Date: 2011-07-25 17:17:02 by go65
Keywords: None
Views: 1166
Comments: 1
What’s also important, but not evident, on this chart is that Obama’s major expenses were temporary — the stimulus is over now — while Bush’s were, effectively, recurring. The Bush tax cuts didn’t just lower revenue for 10 years. It’s clear now that they lowered it indefinitely, which means this chart is understating their true cost. Similarly, the Medicare drug benefit is costing money on perpetuity, not just for two or three years. And Boehner, Ryan and others voted for these laws and, in some cases, helped to craft and pass them. 
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#1. To: go65 (#0)
wars? Obama approves of them. Even started a new one one. What's you problem? tax cuts? Obama approved. Gladly extended them with a Dim Congress in charge. TARP? Had Obama's blessing
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
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