Obama’s and Bush’s effects on the deficit in one graph

[Riot]

Good article by Ezra Klein of Washington Post (the cutest WaPo reporter since Robert Redford played Bob Woodward in ATPM)




Ezra's comments:
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.

To relate this specifically to the debt-ceiling debate, we’re not raising the debt ceiling because of the new policies passed in the past two years. We’re raising the debt ceiling because of the accumulated effect of policies passed in recent decades, many of them under Republicans.

It’s convenient for whichever side isn’t in power, or wasn’t recently in power, to blame the debt ceiling on the other party. But it isn’t true.

http://www.washingtonpost.com/blogs/...OrYI_blog.html

[Seattleallstar]

but nooo Bush tax cuts would mean the rich would invest more and give the poor people jobs........................

[dellinger63]

LMAO the wars we're fighting in Lybia (ok that's invisible) Iraq and Afghanistan are completely missing from Obama's side. Unless all these wars are costing a total of zero or Obama is being babysat by Bush. Where's Fannie, Freddie Cash for Clunkers, Hi-Speed rail and how much money has been taken in for Obamacare v. distributed. Your chart is fantasy Once Again!

Yea just horrible lowering a 37% tax rate to 34% while almost half of households pay zero %. That was totally unfair!

[Riot]

Originally Posted by dellinger63

LMAO the wars we're fighting in Lybia (ok that's invisible) Iraq and Afghanistan are completely missing from Obama's side. Unless all these wars are costing a total of zero or Obama is being babysat by Bush. Where's Fannie, Freddie Cash for Clunkers, Hi-Speed rail and how much money has been taken in for Obamacare v. distributed. Your chart is fantasy Once Again!

Yea just horrible lowering a 37% tax rate to 34% while almost half of households pay zero %. That was totally unfair!

If you could read, you'd be dangerous.

[Danzig]

god knows i'll sleep better at night knowing which dipsh!t politician made the most mess. yep, that helps this country so much, assigning blame to whichever lying loser did what and when. we're broke and going broker, but it's not the current guy..nope, he hangs the ****ing moon.

Yeah he's awesome now. I'm convinced.

A douche and a turd...your choice.

[DaTruth]

Originally Posted by Danzig

god knows i'll sleep better at night knowing which dipsh!t politician made the most mess. yep, that helps this country so much, assigning blame to whichever lying loser did what and when. we're broke and going broker, but it's not the current guy..nope, he hangs the ****ing moon.

It is just a preview of the 2012 campaign strategy. Turn the clock back to 2008.

[clyde]

Originally Posted by Riot

If you could read, you'd be dangerous.

and if you could be made gone by a simple eye blink, the wide awake REM at NT would cause a million ships to sink

[Riot]

Originally Posted by Seattleallstar

but nooo Bush tax cuts would mean the rich would invest more and give the poor people jobs........................

So let's see how that worked for us? Bush gave big tax cuts to privates and business in 2001 and 2003. What happened to jobs? What did the "job creators" do with all that massive tax cut cash that made them "confident"?

[wiphan]

Originally Posted by Riot

So let's see how that worked for us? Bush gave big tax cuts to privates and business in 2001 and 2003. What happened to jobs? What did the "job creators" do with all that massive tax cut cash that made them "confident"?

why don't you show a chart of spending as a percentage of GDP?

[Riot]

Originally Posted by wiphan

why don't you show a chart of spending as a percentage of GDP?

Because we were talking about what happened to job growth during the Bush years as a result of his massive tax cuts.

So I posted a chart about job growth.

Job growth tanked after the massive Bush tax cut givaways of 2001 and 2003.

Oh, but it should have grown! Giving massive tax cuts to the "job creators" makes jobs appear! At least according to the Republican economic platform.

Except it's been proven that it does not. How many times did Reagan have to raise taxes?

[dellinger63]

Originally Posted by Riot

Because we were talking about what happened to job growth during the Bush years as a result of his massive tax cuts.

So I posted a chart about job growth.

Job growth tanked after the massive Bush tax cut givaways of 2001 and 2003.

Oh, but it should have grown! Giving massive tax cuts to the "job creators" makes jobs appear! At least according to the Republican economic platform.

Except it's been proven that it does not. How many times did Reagan have to raise taxes?

Remember? there was an attack on the World Trade Center, 9/11/01, when we were attacked for the first time since Pearl Harbor?

Yea reduce the military budget some more and for God's sake, free paps smears for all, finally!

[Danzig]

Originally Posted by Riot

Because we were talking about what happened to job growth during the Bush years as a result of his massive tax cuts.

So I posted a chart about job growth.

Job growth tanked after the massive Bush tax cut givaways of 2001 and 2003.

Oh, but it should have grown! Giving massive tax cuts to the "job creators" makes jobs appear! At least according to the Republican economic platform.

Except it's been proven that it does not. How many times did Reagan have to raise taxes?

well, i guess the defense of 'it would have been worse without the cuts' wouldn't fly? it works so well when the stimulus comes up.....

but since they did nothing, it makes one wonder why the next prez continued the cuts. or maybe not!

[Danzig]

since this thread deals with the deficit, i thought it was a good place to put this...now, my husband and i live out in the country, so we have satellite internet. right now, with the intense heat, we lose signal in the afternoons. hubby is fed up, went to the hughes site, and look what's on there:


Exclusive savings for eligible customers
You may be eligible for substantial savings with the help of the Recovery Act program.
In an effort to make high-speed Internet available to millions of Americans who don't have access, the Federal Government has made it possible for eligible households that qualify to get satellite Internet at a significantly reduced price. This limited-time opportunity is made possible with the direct assistance of the American Recovery and Reinvestment Act (ARRA).

Find out if your address is eligible to benefit from the Recovery Act program.




so...we're broke, but our taxpayer dollars are going towards high speed internet...unbelievable. wonder what james madison would say about that!

[Riot]

Originally Posted by Danzig

so...we're broke, but our taxpayer dollars are going towards high speed internet...unbelievable. wonder what james madison would say about that!

We are one of the most technologically backwards first world countries in existence as far as equal citizen access. We are not even in the top twenty in healthy infants, healthcare access, science and math and reading education. Our bridges and roads are patched, unsafe holdovers from 1950's and 1960's. We have difficult alternative energy access. One-quarter of our children live in poverty. We have little to none of our historical manufacturing sector left. Our economy? A fifth of it is based upon providing the most expensive healthcare in the world to some of the unhealthiest people in the world, who are suddenly living less long that the previous generation.

Some of us want America to step into the 21st century.

Some of us are sick to death of America dying, and the effing GOP and idiot blue dogs trying to kill off the barely-breathing carcass remaining. Banks and the wealthy are hoarding 1.4 trillion dollars out of the economy.

We are a terribly wealthy nation. Yet only the top few have all the money. And they are not spending it on anything, let alone "job creation".

Wake up and look at this country we love with objective eyes. The end of the Monopoly game is at hand, and only 1 or 2 people have all the money, all the hotels, and all the railroads - and they aren't hiring, thanks.

Our Congress - so proud to just cut spending! - just laid off thousands of people, out of political spite! - and have already spent $250 million in uncollected American income in another partisan hostage crisis to save 12.6 million and coddle Delta Airlines lobbyists.

Why isn't every single American burning up the phone lines and marching on Washington over that? Telling Congress that they are our employees, and we say to get their damn asses back in Washington to at least sign a 30-day holdover so those thousands of American can work until they stop their petty squabbling over giving Delta lobbyists their desires?

We stop spending - for gods sakes, the idiots of both parties in Washington just decided that was what we needed NOW? - and we will be in a Great Depression for another 10-15 years.

Good lord, what the hell happened to Hoover? He started to budget cut, and economic disaster. Hooverville. What happened to FDR? The economy started to turn around, he started to budget cut, and bam, we were screwed for a decade, only saved by a World War.

It is 1937 all over again, and the fat, uneducated, unworldly, backwards haters of this country are calling the President of the United States a communist Muslim Kenyan socialist, one political party is actively and proudly making "his failure" their number one publicly-stated policy priority, and the media pays attention to it. While "real" America is starving and homeless in the streets.

I don't want this country to "go back to 1950" Or 1850, or 1776. I want it to catch back up to the other first world countries.

"The greatest dangers to liberty lurk in the insidious encroachment by men of zeal, well meaning but without understanding."
~Justice Louis D. Brandeis