CHART OF THE DAY: Reminder, The Deficit You’re Freaking Out About Is Bush’s Fault
President Obama’s administration has been blamed for reckless spending that has put America into its debt hole. But in reality, much of that spending emanates from policies of President Bush, according to the Center on Budget and Policy Priorities.
They argue that Iraq, Afghanistan, and the Bush tax cuts (along with the economic downturn) are what is driving the U.S. deficit, not stimulus spending.
The chart presents the ugly truth.
Available here. This shouldn’t be news to anyone who wasn’t in a coma for the last decade, but here you go. It’s a frighteningly vital and vibrant wingnut talking point, so I reckon all possible pushback must be done always.