Pages

Sunday, July 31, 2011

Two Nifty Charts

Click here for a great chart on how the debt ceiling was raised (uneventfully) under:

Reagan 17 times in 8 years
Bush Sr. 8 times in 4 years
Clinton 4 times in 8 years
Bush Jr. 7 times in 8 years
Obama 3 times in 2.5 years

Reagan tripled it; Bush Jr. doubled it.

Click here for a chart contrasting Bush and Obama spending.
Obama 3 times in 2.5 years

Ezra Klein comments about the chart in the Washington Post:
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.

0 comments:

Post a Comment