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Obama’s and Bush’s effects on the deficit in one graph
Washington Post ^ | 7/25/2011 | Ezra Klein

Posted on 08/07/2011 1:53:18 PM PDT by MsLady

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.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Government
KEYWORDS: bush; bushsfault; obama; spending
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Ok, have at it. I know this is wrong, the numbers don't add up. One thing that's not shown Libyan war. I'm sure there is plenty more. The cost of the health care bill isn't fully shown.
1 posted on 08/07/2011 1:53:22 PM PDT by MsLady
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To: MsLady; Elendur; it_Ă¼rĂ¼r; Bockscar; Mary Kochan; Bed_Zeppelin; YellowRoseofTx; Rashputin; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of general interest.


2 posted on 08/07/2011 1:55:13 PM PDT by narses ("Fallacies do not cease to be fallacies because they become fashions." Chesterton)
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To: MsLady
omg what a specious argument!

How much debt is appropriate for country where 1 in ten people cannot pay a dime in taxes; for a country whose main store of wealth -- real estate -- has lost 50% of its value since Bush was president?

You better duck, cuz I'm gonna THROW UP all over the place.

3 posted on 08/07/2011 1:56:01 PM PDT by _a_0_0_
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To: MsLady

Absolute BS.

They are still trying to pin what is happening to the economy on Bush.

Bush’s policies were part of the same failed borrow-and-spend policies that every president has followed since the Federal Reserve was instituted.

By Obammie the Commie adopted Bush’s policies and put them on steroids.

Absolute lies from the Washington COMpost.


4 posted on 08/07/2011 1:56:23 PM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: MsLady
Klein is a political scientist not an economist

5 posted on 08/07/2011 1:56:56 PM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: MsLady

If you accept that the Bush Tax cut is a “cost”, which I don’t, they were extended by Obama. He owns the recurring effect of that move now. So much of that is in the wrong column.

Iraq and Afghanistan are being extended under Obama too, when he could have stopped it. So he owns those too.


6 posted on 08/07/2011 1:58:51 PM PDT by delapaz
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To: MsLady
What he fails to point out is that the Bush tax cuts were the engine by which the economy moved so impressively during his tenure and the reason so MUCH MORE revenue came in. Bush put a large dent in the debt; when Pelosi came in things reversed.

The liars will be out in force and this guy is one big one.

7 posted on 08/07/2011 2:00:08 PM PDT by Siena Dreaming
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To: MsLady

From another post on the media spin:

Gonna backfire spectacularly....

My rationale is that even libs are getting tweaked at the BS coming out of Washington and hell hath no fury like a lib scorned. In all things there comes a tipping point (except for Guam, certain Congressmen and the military ;)

More people were adopting the TEA attitude before the SHTF over the debt deal. This newest fiasco is going to financially hit libs already questioning things just as hard as we who have questioned it all along. The ‘big lies’ have come so regularly that there is no longer a “BIG” enough lie to tell.

Regular people headed toward the TEA Party will not turn back, only run there faster. They know this is BS. Now the libs are questioning it too? That means that even if the TEA Party doesn’t get a big lib membership boost, those libs aren’t going to just roll as easily and buy the DC BS. That hurts the establishment Libs immensely.

Wait a few days till the screaming dies down and the reality sets in. I think there will be a big shift in attitudes once the chaos of the shout shows gives way to reality.


8 posted on 08/07/2011 2:00:26 PM PDT by Norm Lenhart
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To: _a_0_0_

I guess I should have given the BARF ALERT....sorry :(


9 posted on 08/07/2011 2:00:37 PM PDT by MsLady (Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
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To: MsLady
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.

Bull crap. I just looked up the tax revenues from 1998 through 2010 two days ago. It showed that after the passage of the 2nd Bush tax cut in 2003, revenues from income taxes that averaged around $1.1 trillion from 1998 to 2003, averaged around $1.5 trillion from 2004 to 2008. I'll post the actual figures for income tax revenue and total revenue later this week when I get back to office.

10 posted on 08/07/2011 2:02:39 PM PDT by Go Gordon (One Big Ass Mistake America)
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To: delapaz
If you accept that the Bush Tax cut is a “cost”, which I don’t, they were extended by Obama. He owns the recurring effect of that move now

Good point. Obama spent for that same cause. Why isn't it showing on his side?

And he did it because he knew it juices the economy though not one of these "journalists" will say that.

11 posted on 08/07/2011 2:04:49 PM PDT by Siena Dreaming
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To: MsLady

Definately needed a BARF alert on that one.


12 posted on 08/07/2011 2:04:53 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: MsLady

13 posted on 08/07/2011 2:06:06 PM PDT by RightGeek (FUBO and the donkey you rode in on)
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To: delapaz

Yea that was my thinking to. But, I could see where it could fool the dummies, like one of my old school mates. Who posted this on fb :) I’m letting her have the real story right now. Not so sure she’s going to take to kindly to it though.


14 posted on 08/07/2011 2:06:37 PM PDT by MsLady (Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
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To: Ghost of Philip Marlowe
Bush’s policies were part of the same failed borrow-and-spend policies that every president has followed since the Federal Reserve was instituted.

Best explanation ever!!!

15 posted on 08/07/2011 2:07:17 PM PDT by MsLady (Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
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To: RightGeek

The article from which this graph is taken is titled,”The Obama Downgrade” at http://online.wsj.com/article/SB10001424052702304203304576446332084493902.html


16 posted on 08/07/2011 2:07:31 PM PDT by RightGeek (FUBO and the donkey you rode in on)
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To: MsLady
As usual Mr Kelin is creatively selecting factoid to hide the real truth.

Bush and the last GOP Congress 2006. Federal Deficit 160 billion

Obama and the last Democrat Congress 2010. Federal Deficit 1.7 trillion.

No amount of creative accounting by Mr Klein, or the rest of the 0 bot media, can explain away that number.

17 posted on 08/07/2011 2:08:05 PM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: MsLady

Another fact. When Bush left office our Fed Deficit was 69% GDP. Now our annual Federal Deficit is 97% GDP. NO way for people like Mr Klein to manufacture a lie to excuse 0 for that fact.


18 posted on 08/07/2011 2:09:48 PM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: MsLady
Klein failed to include this President's inaction as a cause of our current deficits. In fact, he needs to look no further than his host server site.
19 posted on 08/07/2011 2:09:49 PM PDT by TwelveOfTwenty (Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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To: Go Gordon

That’d be great. I knew this article was BS but, looking up all the numbers and trying to figure out everything he left out or misrepresented was just mind boggling. I knew if I posted the article here, I’d get lots of info ;)


20 posted on 08/07/2011 2:09:51 PM PDT by MsLady (Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
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To: MsLady

How hypocritical for the Democrats to blame Bush for the Medicare drug benefit, when they demanded an even BIGGER one at the time! Remember all the talk of the donut hole that Democrats wanted to plug from the beginning?

Did not the Democrats in Congress vote to authorize the Afghanistan and Iraq wars? I seem to recall they did.

And how do the liberals claim to “know” the cost of the Bush tax cuts? How do they know that without the tax cuts, the economy would not have been worse because of the higher tax burden, with lost revenue to the government?

Also, the ENTIRE cost of TARP and the stimulus programs should be laid at the feet of Barney Frank, Chris Dodd, the Clinton era affirmative-action housing market social engineers, and yes the senator who took the most money from Fannie Mae and had the closest relationship to the ACORN housing market-breakers, Senator Barack Hussein Obama of Illinois. Mmmmm, mmmmm, mmmmm!!

The chart is pure demagoguery, but then that is the Dems’ stock in trade.


21 posted on 08/07/2011 2:10:43 PM PDT by Meet the New Boss
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To: MNJohnnie
Bush spent like a drunken sailor. We all know that. This chart provides evidence of it.

What Obama has done is take all that Bush spending and then add even more on top of that. If the cost of Obamacare were added to the graph along with the costs of complying with all of Obama's new regulations, the real truth would become more evident.

Bottom line: Bush was bad, Obama has been exponentially worse.

22 posted on 08/07/2011 2:10:52 PM PDT by comebacknewt ((on second thought, never mind, go away again Newt))
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To: Cheerio

My bad, sorry!!!


23 posted on 08/07/2011 2:11:04 PM PDT by MsLady (Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
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To: RightGeek

Thank you, I’ll post this on my fb ;)


24 posted on 08/07/2011 2:12:34 PM PDT by MsLady (Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
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To: MsLady

They are such frauds. In 2009 when the Democrats took over the Congress and the Presidency they could have altered the tax code and any previous law from the Bush era. But, they didn’t so that means they excepted those laws and tax levies as good. To say that those laws are bad now is to admit their incompetency back then for their failure to alter them.


25 posted on 08/07/2011 2:12:45 PM PDT by MCF
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To: MsLady
Why do you abet the enemy by spreading their propaganda?

26 posted on 08/07/2011 2:12:54 PM PDT by I see my hands (Keep your sunny side up!)
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To: MsLady

Klein was the ringleader of the journo-list email group, which openly coordinated “objective” press attacks on the GOP and Tea Party types. He is serious scum, and it says a lot about the Washington Post these days that he’s still working there.


27 posted on 08/07/2011 2:14:31 PM PDT by NativeNewYorker (Freepin' Jew Boy)
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To: MsLady

And just what does it say about the WaPo, that I knew the totally irrational outcome of this article by just reading the headline?


28 posted on 08/07/2011 2:14:36 PM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
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To: MsLady

And just what does it say about the WaPo, that I knew the totally irrational outcome of this article by just reading the headline?


29 posted on 08/07/2011 2:14:44 PM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
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To: MsLady
And just what does it say about the WaPo, that I knew the totally irrational outcome of this article by just reading the headline?
30 posted on 08/07/2011 2:14:54 PM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
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To: Meet the New Boss

Your right your right and your right. The people who only get there 10 minutes of news from the lamestream media, if that much, will never know that. I’m trying to educate some friends, we will see how well this goes...lol Could be good, or someone might just get an attitude.


31 posted on 08/07/2011 2:17:43 PM PDT by MsLady (Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
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To: MsLady
I never thought any FReeper was gullible enough to cite statistics from Ezra Klein.

The Class of 1998 is really starting to lose it.

32 posted on 08/07/2011 2:23:31 PM PDT by bwc2221
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To: MsLady
Tax cuts do not cause deficits.

Tax cuts do not cause deficits.

Tax cuts do not cause deficits.

This is so friggin old I want to puke. The ONLY thing that can cause deficits is spending. If you have ZERO taxes, you have no deficit if you don't spend.

33 posted on 08/07/2011 2:24:56 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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To: MsLady

This just is a WAY too obvious effort on the part of Obama fans who don’t want to believe that “their” president is doing most of the same things as the president they hated. President Bush brought us to the edge of the cliff, and they’re unable to see that O is happily hanging off our necks trying to pull us right off.


34 posted on 08/07/2011 2:25:38 PM PDT by heysean
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To: UriÂ’el-2012
More to the point, he is a scumb@g “JournoList.”
35 posted on 08/07/2011 2:32:22 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: MsLady

So this means Ezra Klein is a Tea Party supporter and wants to cut EvilBush’s overspending?


36 posted on 08/07/2011 2:33:03 PM PDT by vbmoneyspender
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To: Meet the New Boss

It was the Dems who insisted on covering first dollar rather than wait to kick in after a certain point.


37 posted on 08/07/2011 2:38:51 PM PDT by hocndoc (http://WingRight.org)(I've got a mustard seed and I'm not afraid to use it.)(RIAing))
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To: Ghost of Philip Marlowe

Bush and Obama are both New World Oder big government socialists. The main difference between the two is Bush loves our troops.......


38 posted on 08/07/2011 2:40:21 PM PDT by stockpirate (Proud member of the TEA Party, aka Terrorists Emancipating America)
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To: bwc2221

Not me! I still see it as the propaganda it is ;)


39 posted on 08/07/2011 2:44:09 PM PDT by Norm Lenhart
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To: comebacknewt
Bush spent like a drunken sailor.

Major difference -- Drunken sailors are spending their own money.

40 posted on 08/07/2011 2:44:17 PM PDT by Bob
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To: stockpirate

You are right.

But the other difference is that Bush did not loathe America and America’s history. He is just another elitist who thinks he knows better.

Obammie the Commie hates America, he hates whites, he hates America’s freedom, America’s prosperity, the can-do attitude that Americans have because of our freedom, and, above all, like all the other feudalists, he loathes the middle class.

What Obammie the Commie is doing is nothing less than a ruthless attack intended to cause suffering and to destroy.


41 posted on 08/07/2011 2:47:39 PM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: MsLady

The deficits under Bush from 2001 to 2008 were in series, 128, -158, -378, -413, -318, -248, -161 and -459 billion which sums to 2,007billion. Attributing the increased spending by the Democrats in 2007 and 2008 to Bush is silly. Bush could have vetoed those bills but that would have put funding for Iraq and Afghanistan in jeopardy. In 2009 Bush is only responsible for the cost of TARP which the CBO puts at $184billion.

So $5.8 trillion in deficits attributed to Bush is a lie.


42 posted on 08/07/2011 2:58:29 PM PDT by MontaniSemperLiberi (Moutaineers are Always Free)
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To: MsLady

So even Klein admits the spending has to be cut, guess he did not get the “TEA party downgrade” memo, where more spending would have avoided the S&P downgrade. Where is Obamacare on that chart?


43 posted on 08/07/2011 2:58:40 PM PDT by swamprebel ((jmho))
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To: vbmoneyspender

Haha, good point!!!


44 posted on 08/07/2011 2:59:08 PM PDT by MsLady (Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
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To: MsLady

Ezra Klein is a Progressive. Facts mean nothing to him, just the endless redistribution of wealth and the glorification of central planning and gov’t do-gooders.

Ezra, the Obama Administration went on a spending binge and borrowed to do it.

http://confoundedinterest.wordpress.com/2011/08/07/treasury-contests-sps-downgrade-because-of-error-even-with-error-u-s-had-to-be-downgraded/

And how can Ezra be confused?

http://confoundedinterest.files.wordpress.com/2011/08/debtgdp.png

This economist shows the graphs of spending. While both parties had a hand, it was the Democrats that opened all the stops and went wild with spending and borrowing to do it.


45 posted on 08/07/2011 2:59:41 PM PDT by whitedog57
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To: Ghost of Philip Marlowe

Once you understand that the two aren’t much different and then look at the republican leadership in th ehouse and senate you will understand that they are ALL socialists.........and we are the pray


46 posted on 08/07/2011 3:04:07 PM PDT by stockpirate (Proud member of the TEA Party, aka Terrorists Emancipating America)
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To: MsLady
Anyone looking at spending this way is either ignorant or deliberately misrepresenting the situation.

The House of Representatives appropriates money - no one else. There is no process to override the House on this issue nor force its hand. The House has absolute power over the purse strings - thus it is on the House that the blame for spending and debt rightfully falls.

The data you want to look at is who was Speaker of the House when any appropriations were made. Once you look at the data that way, the story becomes clear: post-Clinton, GOP Houses were spendthrifts, but the Pelosi years were simply devastating to our fiscal position with things like EESA/TARP, ARRA, and Obamacare blowing near- and long-term holes in the outlook while getting basically zero return on that money.

Boehner has taken us back to being mere spendthrifts again. Unfortunately for our credit rating, that's not a sustainable position, either.

47 posted on 08/07/2011 3:06:56 PM PDT by icanhasbailout
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To: MsLady
They are lying, bush did contribute to the run away spending and TARP was his baby. However, the stimulus and frigging tarp, and the bogus lame duck bill by Grassley and McConnell, all became part of the new base line and they will be spent forever. The republican house HS not made one move to kill tarp, are the stimulus. Kick the ball Charlie.
48 posted on 08/07/2011 3:10:32 PM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: UriÂ’el-2012
President Bush lowered tax rates not tax REVENUES.

The rate reduction produced more REVENUE, real MONEY for the Feds than before the lower tax rates.

What a dumb son of a camel that erza klein is.

Those bastards lie and are stupid to boot.

49 posted on 08/07/2011 3:12:59 PM PDT by USS Alaska (Nuke the terrorist savages.)
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To: Siena Dreaming

It should be known that at the beginning of a dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments.

‘Abd-ar-Rah.mân Abû Zayd ibn Khaldûn(1332-1406)
(pre-Laffer curve)


50 posted on 08/07/2011 3:37:27 PM PDT by griswold3 (Character is Destiny)
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