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How the Deficit Got this big
The New York Timmes ^ | July, 23, 2011 | Teresa Tritch

Posted on 07/24/2011 1:59:55 PM PDT by shoff

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.

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


TOPICS: Business/Economy; Editorial; News/Current Events
KEYWORDS: blamebush; bushsfault; debt; default; deficit; economy; police; reagansfault; teachers
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I did not see this article posted and would like to know what you fellow freepers think of it. A neighbor sent it to me and a picture tells a thousand words. If you click the link (I know hits to NYT’s) and look at the two graphs . I’d post here but I don’t know how. Was Bush really that bad? How are is the CBO getting these numbers? Even if you take out tax cuts which shouldn’t be there he still outspends "The One" by 2. What am I missing?
1 posted on 07/24/2011 1:59:57 PM PDT by shoff
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To: shoff

Bush, and the Dems were pretty bad but this article is pure spin.

For instance, “tax cuts” are not “New costs”


2 posted on 07/24/2011 2:05:23 PM PDT by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
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To: shoff

Bush was bad in terms of providing resistance to profligate spending but he is an absolute piker compared to Øbozo.


3 posted on 07/24/2011 2:06:08 PM PDT by rockrr (Everything is different now...)
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To: shoff
It's form the cockroaches at the NY Slime and full of manure.
4 posted on 07/24/2011 2:06:46 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: shoff

5 posted on 07/24/2011 2:06:58 PM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: shoff

The New York Times blames the deficit on everything except increased government spending.


6 posted on 07/24/2011 2:07:15 PM PDT by bwc2221
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To: shoff

President Bush acted properly in the beginning in Afghanistan. Where he erred terribly was in leaving Afghanistan half-finished to undertake a foolish and and needless neoconservative crusade in Iraq which cost lives, national wealth and a chance to finish the job in Afghanistan.


7 posted on 07/24/2011 2:07:28 PM PDT by Colonel Kangaroo
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To: shoff

..bush’s 2008 stimulus was with a RAT senate and Congress elected in 2007.


8 posted on 07/24/2011 2:07:49 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: shoff

He sure spent like a drunken sailor WITH a republican congress. But if they’re saying he spent twice as much as obama what needs to be said is that it only took obama 2 years to spend half as much as bush spent in 8.


9 posted on 07/24/2011 2:07:54 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: shoff
The answer is largely the Bush-era tax cuts...

You have to be a BIG believer in BIG Socialist government to believe this crap. I believe it is caused by 52% of the people living in this country not being required to pay income taxes. If these so called "americans" want BIG government, EVERYONE should have to "pay their fair share". It's not "the rich's" job to subsidize Socialism for the freeloaders living here.

10 posted on 07/24/2011 2:08:19 PM PDT by FlingWingFlyer (Hey Barry! Compromise this!!!)
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To: shoff
We sure as hell didn't have 10% unemployment. And Bush was open to drilling and keeping taxes DOWN.

Obama went crazy with power...with handouts...kissing the union butts...AND OBAMACARE....GET RID OF IT!!! and watch what happens.

11 posted on 07/24/2011 2:08:19 PM PDT by Sacajaweau
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To: shoff
Teresa Tritch

Potent drug addiction, it has to be...

12 posted on 07/24/2011 2:08:53 PM PDT by EGPWS (Trust in God, question everyone else)
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To: shoff

Revenue graphs. Unemployment and employment graphs.


13 posted on 07/24/2011 2:08:53 PM PDT by Paladin2
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To: shoff

14 posted on 07/24/2011 2:09:48 PM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: shoff

The kinds of atrosities depicted in this video, multiplied thousands of times across the Country, is the REAL reason our Nation’s finances are in the dumper as they are. Please view it.

http://www.youtube.com/watch?v=fu6ok5ykyuQ&feature=share


15 posted on 07/24/2011 2:11:00 PM PDT by Tucker39
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To: bwc2221

HERE IS THE REAL CAUSE:
http://www.youtube.com/watch?v=fu6ok5ykyuQ&feature=share


16 posted on 07/24/2011 2:12:11 PM PDT by Tucker39
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To: shoff

“It’s all Bush’s fault” again...


17 posted on 07/24/2011 2:12:18 PM PDT by Beowulf9
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To: shoff

There was never a surPlus under Clinton. Ever!


18 posted on 07/24/2011 2:13:06 PM PDT by sappy
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To: shoff
Despite what antigovernment conservatives say, non- defense discretionary spending on areas like foreign aid, education and food safety was not a driving factor in creating the deficits. In fact, such spending, accounting for only 15 percent of the budget, has been basically flat as a share of the economy for decades. Cutting it simply will not fill the deficit hole.

ah yes...no bias here from the NYSLimes...its all GWB's fault and is us "antigov't conservatives"...anti-big gov't??? yes....smaller gov't??? yes...anti-gov't?? nope...never see them refer to ayatollah obama as "anti-business/anti-capitalist/anti-success in the private sector" obama...
19 posted on 07/24/2011 2:14:34 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: Psycho_Bunny

Also note how she ascribes 1.2 trillion in war costs to Bush and zero to Obama.Last time I looked we are still in both Iraq and increased costs in Afghanistan and layered on another war in Libya under Obama.Also GDP grew by 25% since the tax cuts and she does not account for the increased revenues from GDP growth offsetting the tax cut “expenditure”. The graph is more political posturing by a Times commentator currying favor with her publisher than it is a serious analysis.


20 posted on 07/24/2011 2:14:57 PM PDT by chuckee
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