You know what I love? Graphs.
Well, most of the time, anyway.
Courtesy of The Republican Caucus Committee of the Budget, there’s an interesting document that says a lot of financial stuff. A lot of economic talk that frankly depresses me a little bit. So, I prefer to just look at the pictures to get to the point quickly. Kind of like ripping off a band-aid.
The gist:
Much like last year, the President’s fiscal year 2011 budget presents a staggering contradiction to his recent rhetorical gestures toward “fiscal restraint.” It continues pursuing a “progressive” ideology that calls for ever-more centralized government control of the economy. It spends too much, taxes too much, and borrows too much – and the result is a growing debt that drains the resources needed for growth and job creation, undermining any pretense of economic “stimulus.” Moreover, the budget adds to an already unsustainable outlook that threatens to overwhelm the budget, smother the economy, and sacrifice the prosperity of future generations. The President’s budget more than doubles the debt; pushes this year’s deficit to a new record of $1.6 trillion; drives spending to a new record of $3.8 trillion in fiscal year 2011; and raises taxes by more than $2 trillion through 2020, under the administration’s own estimates.
Aaaand, the pretty pictures to back it up:
The new Obama budget doubling the debt picture:
The debt that’ll be held by the public picture:
And last but not least, the deficit under democratic budgets picture:
Quick and hopefully a little less painful than what we’ll actually be feeling over the next few years.
Yay fiscal responsibility and that whole control-spending thing!
Yeah, riiiiight.
