Claim: Obama has raised the debt more than all previous presidents combined. Variation: Obama has spent more than all previous presidents combined. Fact: The second […]
Category: Deficit and Debt
Few subjects are the source of such controversy as the growing US debt and deficit. We break down the facts behind the growing disparity between tax revenues and spending in order to come up with a clearer picture behind the cause.
What causes the rising debt and deficit?
How much is due to increased spending as opposed to slashed revenues due to tax rate decreases or an economic downturn? What policies have led to the increased debt and deficit? How to we split the blame between the Democrats and Republicans? Is it all Obama or Bush’s fault? And what’s the right way to measure the US debt and deficit?
The Politics of Bad Analogies: It’s the Drain Stupid
What happens when you mix clever but simple ‘sound byte’ cartoons with somewhat complicated political issues? Sometimes you get bad analogies. And these bad analogies […]
The Tea Party’s Take on Tax Rates and Size of Government
For some time now, the Tea Party has been making a ruckus over the size of government, tax rates and the alleged debt/deficit ‘crisis.’ […]
The DOW Plummet and S&P Downgrade
The recent DOW Index plummet and the S&P downgrading of U.S. debt from AAA to AA+ has been followed by much finger pointing. The DOW has […]
Cutting Entitlement Spending and Slashing Medicare & Social Security
[Opt7_Microdata_Review_1781107129]Quick Fact 1: Senate Republicans are filibustering the bill Senate Democrats have crafted Quick Fact 2: John Boehner uses the excuse that the Senate has yet […]
The Deficit/Debt Problem & Federal Revenue – Obama vs Bush
Updates: U.S. Budget Deficit Narrows in First Nine Months of Fiscal Year Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It’s Barack […]