Tuesday, September 22, 2009

Generational Theft? It Already Happened. Under Republicans.

I just love charts like this one. The same chart was dramatic when I first started studying economics in the early 90's, but boy howdy has it ever gotten... well, beyond dramatic. I think theatrically this gets to the tragic.

Deficits during Republican and Democratic administrations (labeled on the chart). This one shows the deficit under George H.W. Bush (Reagan's record was bad too, but not as bad as Daddy Bush), then Clinton when America achieved surpluses, and then the W. Bush years...