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CHART OF THE DAY: Reminder, The Deficit You’re Freaking Out About Is Bush’s Fault
Keeping It Real
8 comments
1 |
Buck Mon, Aug 1, 2011 2:53:37pm |
First chop it off at 2011. Everything after that is pure fantasy.
Secondly, either you support the wars or you don't. If you do, then they are not Bush's fault, they are part of what the USA did, and needed to do.
Personally I don't see how they increase in cost, and add significantly to the deficit sometime after 2015, and it is still Bush's fault.
If you don't support the wars, then you have to include the war in Libya. How much will that cost in 2015? Like I said everything after 2011 is fantasy.
And of course, the entire graph leaves out all revenues.
Blame Bush is weak sauce...
| 2 |
Political Atheist Mon, Aug 1, 2011 3:18:58pm |
re: #1 Buck
Fantasy? What word would you use to describe Bush's promises as to what the tax cuts would accomplish? Fantasy might be the right word. I do believe in the Afghanistan war, not Iraq, and not at all sure about Libya. And I am a person that believes in the Iraq WTC parking lot bombing connection.
We now know the tax cuts failed to turn the economy around as suggested by GWB. And CBO projections are not fantasy, they have a far better record that that.
No matter what year you look at the Bush tax cuts are a huge factor.
| 3 |
Buck Mon, Aug 1, 2011 3:57:16pm |
A fantasy because we have no real idea of what the economy will be in 2015. It could just as easily be the Obama health care program that is the largest deficit/debt multiplier.
The people who made the graph, cherry picked the data they knew would look the worse. How can they support the cost of the war in Iraq Afghanistan INCREASING the debt suddenly after 2015? Cherry picking data.
| 4 |
TampaKnight Mon, Aug 1, 2011 4:18:55pm |
I can cherry pick data to make cute little graphs too.
| 5 |
Political Atheist Mon, Aug 1, 2011 4:35:52pm |
| 6 |
TampaKnight Mon, Aug 1, 2011 4:56:56pm |
re: #5 Rightwingconspirator
re: #3 Buck
Okay so who has a more accurate graph than CBO? Show me.
I hope you didn't intentionally say just "CBO" in trying to con me into thinking that this chart was the product of the Congressional Budget Office, as it is clearly a product of the Center on Budget and Policy Priorities. The CBPP is clearly a liberal leaning organization, basically a left version of Heritage, and according to the NY Times, it is entirely funded by Democracy Alliance.
With that said, would you like me to reciprocate with a Heritage chart?
| 7 |
Political Atheist Mon, Aug 1, 2011 6:45:08pm |
re: #6 TampaKnight
Show me an accurate representation of the data shown above. I'm not all hung up on who presents the data, not they got their data from CBO and CBPP made the chart. So whjere does the above chart depart from reality as given by the CBO?
| 8 |
Buck Mon, Aug 1, 2011 9:09:33pm |
The CBO only reports what it is given. So for example when the Health Care bill was being scored, it did not include any of the cost for "waivers".
Another example the CBO was never asked to score the cost for giving the unions the billion dollar exemption to the "Cadillac insurance" tax.
Also, the CBO didn't score the 2001 Bush tax cuts all the way to 2019. No one could possibly have done that... they were set to expire at the end of 2010.
Do you really think the CBO reliably predicted the end of the "Economic Downturn" at the start of 2011? Have you read the papers?
So just look at the graph, but cut it off at 2010. That is the data you actually have.
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