Chart of the year

It’s possible I’ve even posted this one before as a chart of the day (I’m too lazy to search through the archives at the moment), but even if I have, it’s worth showing again.  Given all the grief Obama and Democrats are taking over the current budgetary situation, it’s important to remember how it is we got here.  Short answer: Bush tax cuts and Bush wars.  The numbers don’t lie.  Here it is via Jonathan Chait (who fills it out with appropriately thorough commentary):

Notice that the Obama-added expenses are a major factor only in the very short-term and that the Bush tax cuts only grow as an explanatory factor.

About Steve Greene
Professor of Political Science at NC State

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