Graphs speak louder than numbers

With President Obama and Republican leaders calling for cutting the budget by trillions over the next 10 years, it is worth asking how we got here — from healthy surpluses at the end of the Clinton era, and the promise of future surpluses, to nine straight years of deficits, including the $1.3 trillion shortfall in 2010. The answer is largely the Bush-era tax cuts, war spending in Iraq and Afghanistan, and recessions.

(via How the Deficit Got This Big – nytimes.com)

Depressing.

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  1. Pingback: A rising tide raises all boats. Nice, if you can afford a boat. | halfblog.net

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