Wednesday 23 June 2010
So, as best I can make out from these charts:
1) Except for a brief period under Slick Willy, we have always spent more than we make
2) Georgie Porgie took debt-per-household up by 20%, Barry-O has done the same
6) Entitlement programs won’t eat all of government until 2050 - That surprised me, as Simpson & Bowles (chairs of the be-partisan deficit commission) said that entitlements were already eating all our revenue and we were borrowing our discretionary spending. Maybe they were including interest on debt & the two wars – or maybe they were just full of beans and going for shock value in that interview.
9) Anti-poverty spending went up when Georgie and the Retroblicans had control of congress, but down when the majority passed to the Dumbocrats – That surprised me too.
12) Georgie didn’t even slow the curve on the increase in socialized medicine (Medicare) – in fact it went up faster under him than any previous Pres.
14) Pork actually went down under Georgie when the Dumbocrats got control of congress – That surprised me three.
18) By 2020, the country will be like most Americans: borrowing just enough to pay off its credit-card interest.
20) Spending has traditionally gone up when revenues go down, including under Georgie, and usually gone down when revenues go up (except under Georgie)
While I realise that the main purpose of these slides is to scare us into understanding we cannot go on like Georgie and Barry, expecting China
# posted by Had It in Holland Park @ 09:39 
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