Worried about the deficit? Worried that your income hasn’t seemed to have grown very much over the past couple of decades? Two interesting charts from the Congressional Budget Office point to the cause of the deficit AND your lack of income growth. They both point to George W. Bush and the Republican Party.
The first chart below and here http://www.cbpp.org/cms/index.cfm?fa=view&id=3036
looks at the true cause of the deficit. If you look to 2012 and beyond, the future deficit Tea Party folks and Republicans are so concerned about, was caused by—their boy Bush and the No/Nothing Repub tax cuts for the rich. Yep, without those tax cuts the government would be in pretty damn good shape deficit-wise. Take a look:
Here’s another chart showing what the Bush/No Nothing Repubs did to you. Does it feel like your income hasn’t grown very much over the last couple of decades? Well, you’re right. The Bush/No Nothing Repub tax policies insured that income growth went to the top 1% richest people, not to you. Take a look at this CBO chart below or go here http://www.cbpp.org/cms/index.cfm?fa=view&id=3220. The income of the top 1% went up 281% from 1979 to 2007. Middle Americans like you got an increase of just 25%. Aren’t you happy for how the Repubs helped the rich out?
What to do? What to do? Well, you could keep voting for the Repubs. Or, you could say, another is another and kick them out of office. I suggest the latter. What do you think?