This chart—based on an infographic published July 26 by the White House—shows the top four contributors (those exceeding $1 trillion) to the national debt over the last 10 years. The Bush-era tax cuts ($3 trillion) cost nearly as much as the wars in Iraq and Afghanistan ($1.4 trillion) and a decade’s worth of domestic spending ($1.7 trillion, including education and veterans’ benefits) combined. The largest chunk, economic and technical changes ($3.6 trillion), includes reduced tax revenues due to the recession.
This chart calculates each state’s budget shortfall as a percentage of its fiscal year 2012 general fund. Each disk represents a state, and coloration for each disk indicates its governor’s party affiliation. Data for this set are sourced from a June 17 report by the Center on Budget and Policy Priorities. This chart is also colored by governor’s affiliation. It shows the total contributions for all elections during the 2010 election cycle. Figures are in millions (m) of dollars. Data for this set are sourced from the Center for Responsive Politics. $1.7 billion per day is the value, at a mean hourly wage of $13 per hour, of the time the nation’s estimated 153,407,584 workers spend commuting to and from work at 25 minutes each way, according to data from the US Census Bureau.
This chart calculates each state’s budget shortfall as a percentage of its fiscal year 2012 general fund. Each disk represents a state, and coloration for each disk indicates its governor’s party affiliation. Data for this set are sourced from a June 17 report by the Center on Budget and Policy Priorities. This chart is also colored by governor’s affiliation. It shows the total contributions for all elections during the 2010 election cycle. Figures are in millions (m) of dollars. Data for this set are sourced from the Center for Responsive Politics. $1.7 billion per day is the value, at a mean hourly wage of $13 per hour, of the time the nation’s estimated 153,407,584 workers spend commuting to and from work at 25 minutes each way, according to data from the US Census Bureau.
And none of this mentions the elephant in the room - the insanely extravagant bailouts given to Wall Street, estimates of which go as high as 23 TRILLION dollars. The GAO pegged the cost at $16 trillion. Even the most lowball estimates blow all the other factors on your column graph at top entirely out of the water.
So how did the bailouts escape mention?
Oh, never mind, the chart was published by the White House. Of course they are not going to share the numbers that show they are the ones that looted the treasury and took the economy down in service to their Wall Street masters.
Read the results of the GAO audit of the bailouts here. http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
What Bush and Obama gave to their Wall Street masters is nearly double the sum of everything on the column chart at top.
That's right. The cost of our several wars in the Middle east, plus the all of our domestic spending, plus Bush's tax cuts for the rich, plus the impact of our economic collapse, all taken together, are STILL dwarfed by the massive amount of taxpayer money handed over by these bedsores to the Wall Street banksters.