Wednesday, September 22, 2010
It's the SPENDING, Stupid!!, Part 110,356
Click to enlarge--that way, you can see the Household Income line (in gray) which roughly paralleled Fed Spending until the year 2000.
It is clear that the TEA Party folks are not making stuff up, and (R) politi-slime with bad spending habits (see Murkowski, Bennett, etc.) are also targets for a reason: they're bankrupting our children.
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1. Medicare Part D
2. 2003 Bush tax cuts.
3. The war in Afghanistan.
4. The war in Iraq.
Take'em away and that line goes flat from 2002 until the financial crisis in 2007-8.
That is all.
"Tax Cuts" are NOT spending, Strupp.
I realize that (don't want to make the same mistake twice). But they can contribute to outlays in the chart referenced.
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