“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.”
Related Posts
Washington Post: The Fox of newspapers
- admin
- November 24, 2009
- 0
Washington Post – just makin’ shit up. Two writers claimed that: House Minority Leader John A. Boehner won’t be there; he’s on Thanksgiving break and […]
Cenk Uygur’s assumptions
- admin
- November 11, 2010
- 0
Last month, Cenk Uygur posted “Why Rahm was 100% Wrong” on huffiingtonpost.com The Rahm Emanuel strategy was to cut deals with power brokers in Washington […]
Poll: Americans Don’t Know Economy Expanded With Tax Cuts
- admin
- October 29, 2010
- 0
The Obama administration cut taxes for middle-class Americans, expects to make a profit on the hundreds of billions of dollars spent to rescue Wall Street […]