Posted on 07/16/2012 10:12:06 AM PDT by The Looking Spoon
This is based on 2009 numbers. As far as I've been able to find, 2009 is the latest there is data available on the combined AGI of the top 1%.
The graphic is incomplete, misleading.
It needs replacement with leader arrows which will be better than color-coding the labels) to show which is which.
Even with that change, their charges need to be run with year-by-year comparison since 1992 to show Pelosi AND Obama’s budget changes before and after the Bush tax cuts in 2001 and 2002 against the Gulf War costs/War on terror costs. .
Budgets and deficits should ALWAYS be correlated to the party in charge of the House of Representatives. They are the ones who control the budget.
I understand what you’re getting at with this. However the goal of everything I do is to help people get the point immediately and easily.
The point being that the Bush tax cuts are inconsequential to the deficit relative to non-military spending (for a start), or at least letting them expire isn’t the solution Democrats are selling it to be.
nice graphic. thanks!
... i’ve seen data put with who controlled congress, etc.
and, that is meaningful to me.
but, a liberal won’t even look at those, let alone understand them.
this “target” graph of yours,
is wonderful for a quick “in a glance” perspective,
of how small military spending, and Bush tax cuts,
are in comparison to other amounts.
...perfect to shut up liberals who say we could fix all,
by simply taxing the rich more...
My favorite Leftist keeps trotting it out. I keep noting that the inflection points were due to election of an all-Democrat Congress (with a fully compliant Bush, whom he keeps bashing), and onset of housing crash brought about by Leftist "give EVERYONE a mortgage" pressure (but he keeps blaming "deregulation"). Any insights on countering this "hard to counter because it's so presumptive of blame" graph?
Well, it's that vs. this:
My favorite Leftist keeps trotting it out. I keep noting that the inflection points were due to election of an all-Democrat Congress (with a fully compliant Bush, whom he keeps bashing), and onset of housing crash brought about by Leftist "give EVERYONE a mortgage" pressure (but he keeps blaming "deregulation"). Any insights on countering this "hard to counter because it's so presumptive of blame" graph?
For instance, the defense budget is about 1/6 of the total federal budget. that means that the ratio of non-military to military spending is about 5:1. Your green circle is about 5 times as wide as the yellow one. But the appearance of the graph clearly seems to imply that we should judge the size of these various amounts by the area of the circles. So your graph is implying that non-military spending is 25 times as big as military spending.
Also the total cost of the Bush tax cuts is estimated to be between 1 and 2 times the total cost of the Iraq and Afghanistan wars. Your graph seems to imply that the tax cuts are more like only 1/10 the cost of the wars, which seems too far off to be believable by any rational economist, even if we are just looking at one particular year.
It would be interesting to see the same type of diagram if it was corrected and redrawn.
OK. A little bit better.
(Total for the 10 years since 2002, or per year?)
Now, redo it (yes, I’m being picky!) to show the “tax cuts” psplit into two parts: those ABOVE 250,000.000 and those below 250,000.00 dollars.
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