Skip to main content

This has to be short, and sweet. It's about that imposing quadratic graphic of ascending debt that Republicans point to (Paul Ryan today).  

The bulk of that debt was put in place by the policies of the past, not the policy we're weighing today. The graphic below, adapted (color coded) from an original NY Times graphic, shows in red the debt $$$ produced by Bush policies, then in red-and-blue (think purple) the debt launched by Bush-Obama (Paulson, etc.) policies, and finally in blue the debt placed by Obama's policies since inauguration, mostly for job creation.

The technicolor image is color coded from the original, from June 9 of last year; that one was monochromatic. It accompanied an article by David Leonhardt with the title "Sea of Red Ink Was Years in the Making".

I doubt the moans from Republicans about debt are sincere. They eagerly pushed through the debt expanding programs shown above whenever Tom DeLay had the votes. The $900B over 10 yrs (= $90 B per year) bill on the House floor today to revamp health care access, is not deficit-expanding vs. current policy expense, that is, vs. doing nothing at all. That simple point gets lost in the noisy theatrics.

The policies of 2001-2008 ballooned debt without finding a way of paying for it — for 8 long years. If people wonder why this initiative needs to be paid for first for 3 years, before the benefits come in, they can look back at that 8-year binging period for the answer.

Originally posted to joan reports on Sun Mar 21, 2010 at 12:09 PM PDT.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site