{"id":4145,"date":"2011-07-25T13:30:39","date_gmt":"2011-07-25T19:30:39","guid":{"rendered":"http:\/\/www.edgewiseblog.com\/mjh\/nada\/dump-duhbya\/obamas-and-bushs-effects-on-the-deficit-in-one-graph-cost-of-new-polices-bush-5t-obama-1-44t\/"},"modified":"2011-07-25T13:32:22","modified_gmt":"2011-07-25T19:32:22","slug":"obamas-and-bushs-effects-on-the-deficit-in-one-graph-cost-of-new-polices-bush-5t-obama-1-44t","status":"publish","type":"post","link":"https:\/\/www.edgewiseblog.com\/mjh\/nada\/dump-duhbya\/obamas-and-bushs-effects-on-the-deficit-in-one-graph-cost-of-new-polices-bush-5t-obama-1-44t\/","title":{"rendered":"Obama&rsquo;s and Bush&rsquo;s effects on the deficit in one graph: Cost of New Policies, Bush = $5T, Obama = $1.44T"},"content":{"rendered":"<p><a href=\"http:\/\/www.washingtonpost.com\/blogs\/ezra-klein\/post\/obamas-and-bushs-effect-on-the-deficit-in-one-graph\/2011\/07\/25\/gIQAELOrYI_blog.html\">Obama\u2019s and Bush\u2019s effects on the deficit in one graph &#8211; Ezra Klein &#8211; The Washington Post<\/a> <\/p>\n<blockquote>\n<p><img decoding=\"async\" border=\"0\" align=\"bottom\" src=\"http:\/\/www.washingtonpost.com\/rf\/image_606w\/2010-2019\/WashingtonPost\/2011\/07\/25\/Blogs\/ezra-klein\/StandingArt\/debt%20changes%20under%20bush%20obama.jpg?uuid=qZCizrbZEeCYzBMQCYwsyQ\" width=\"454\" \/>      <br \/><font style=\"background-color: #ffc000\">What\u2019s also important, but not evident, on this chart is that Obama\u2019s major expenses were temporary \u2014 the stimulus is over now \u2014 while Bush\u2019s were, effectively, recurring.<\/font> The Bush tax cuts didn\u2019t just lower revenue for 10 years. It\u2019s 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 <font style=\"background-color: #ffc000\">Boehner, Ryan and others voted for these laws and, in some cases, helped to craft and pass them.<\/font> <\/p>\n<p>To relate this specifically to the debt-ceiling debate, we\u2019re not raising the debt ceiling because of the new policies passed in the past two years. <font style=\"background-color: #ffc000\">We\u2019re raising the debt ceiling because of the accumulated effect of policies passed in recent decades, many of them under Republicans.<\/font> It\u2019s convenient for whichever side isn\u2019t in power, or wasn\u2019t recently in power, to blame the debt ceiling on the other party. But it isn\u2019t true.<\/p>\n<p>By <a href=\"http:\/\/www.washingtonpost.com\/2011\/02\/24\/ABifXwI_page.html\">Ezra Klein<\/a>&#160; |&#160; 01:00 PM ET, 07\/25\/2011<\/p>\n<\/blockquote>\n<p><a href=\"http:\/\/www.washingtonpost.com\/blogs\/ezra-klein\/post\/obamas-and-bushs-effect-on-the-deficit-in-one-graph\/2011\/07\/25\/gIQAELOrYI_blog.html\">Obama\u2019s and Bush\u2019s effects on the deficit in one graph &#8211; Ezra Klein &#8211; The Washington Post<\/a><\/p>\n<p>[hat to <a href=\"https:\/\/twitter.com\/#!\/jfleck\">John Fleck<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Obama\u2019s and Bush\u2019s effects on the deficit in one graph &#8211; Ezra Klein &#8211; The Washington Post What\u2019s also important, but not evident, on this chart is that Obama\u2019s major expenses were temporary \u2014 the stimulus is over now \u2014 while Bush\u2019s were, effectively, recurring. The Bush tax cuts didn\u2019t just lower revenue for 10 &hellip; <a href=\"https:\/\/www.edgewiseblog.com\/mjh\/nada\/dump-duhbya\/obamas-and-bushs-effects-on-the-deficit-in-one-graph-cost-of-new-polices-bush-5t-obama-1-44t\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Obama&rsquo;s and Bush&rsquo;s effects on the deficit in one graph: Cost of New Policies, Bush = $5T, Obama = $1.44T<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,32],"tags":[],"class_list":["post-4145","post","type-post","status-publish","format-standard","hentry","category-dump-duhbya","category-wtf"],"_links":{"self":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/4145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/comments?post=4145"}],"version-history":[{"count":0,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/4145\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/media?parent=4145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/categories?post=4145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/tags?post=4145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}