:ugh:, 16 TRILLION fucking dollars?

Capitalism at work - none of the conservatarRAB had problems bailing out banks, but help someone who is starving and you;re a monster!
 
its a graph pushed by ezra klein here:
http://www.washingtonpost.com/blogs/ezra-klein/post/obamas-and-bushs-effect-on-the-deficit-in-one-graph/2011/07/25/gIQAELOrYI_blog.html

it was originally done by the nyt:
http://www.nytimes.com/2011/07/24/opinion/sunday/24sun4.html?_r=2&partner=rssnyt&emc=rss

First off the projections are bullshit for Obama's sepnd secondly Obama has increased spending in Afghanistan, renewed tax cuts he has increased spending in ways that NYT/Klein intentionally leaves of the graph.

The truth is Obama is projected by his own administration so spend more, the graph is a joke
 
ok, so Ezra re-used the graph and info from a NY times article from a month ago (prior to debt ceiling stuff, etc). And it doesn't include:
a) renewed tax cuts, untill 2013, so prorating 1.8T from 8 years to 2013 will add ~0.85T
b) increase in troops/spending in afghanistan, which according to GAO, balances out with the withdrawal nurabers in Iraq.

so yes, you are right, graph is a bit misleading....... but even if you add your fixes you are looking at ~5T vs ~2T

anything else we missed?
 
It will do nothing but turn the FED into a political shit storm. Mainly due to a bunch of ignorant mouth breathers that have very little understanding of centralized banking.
 
Looks like almost all of it.

These were basically 'overnight' loans. This money was loaned, paid back at no interest, relent, etc.
 
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