Tuesday, July 26, 2011

Obama’s and Bush’s effects on the deficit in one graph - Ezra Klein - The Washington Post

Ezra Klein analyzes
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.
Click for the visual of it. Obama’s and Bush’s effects on the deficit in one graph

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