Tuesday, July 14, 2009

The Bush/Republican Budget Deficit


Numerous economists have noted, Bush administration policies are responsible for a large portion of the current deficit, but you won't hear that from the Republicans or their pals in the media .

Dean Baker, co-director of the Center for Economic and Policy Research, stated that "the overwhelming majority of the budget deficit that the Republicans are now complaining about is directly attributable to President Bush's policies. The additional deficit for 2009 that it is attributable to President Obama's efforts to fix the disastrous economy that he was handed by President Bush is trivial in comparison, as can be clearly seen."

Here's my slightly enhanced version of Baker's graph:

3 comments:

mad Nomad said...

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jessica said...

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Jessica
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Chad Lupkes said...

FYI, the link to Dean's report is broken for some reason.