If deficit spending and fiscal responsibility are your concern, you should not vote Republican.
To visually compare the cost of health care reform to the Bush tax cuts, the 1st and 2nd bar below are Bush Tax cuts, the 3rd is PPACA:
- 82% of our Debt was accumulated by Republican Administrations.
- Bush swung the the federal budget from a $230 billion surplus in 2000 to a $1.2 trillion deficit in 2008.
- Bush tax cuts cost us $2.8 Trillion, or about $250 Billion Per Year - In comparison, unemployment extension cost $33 Billion
- Over Half of all the Bush tax cuts went to the top 5% of households (>$212,000/year), while the bottom 60% of households shared only 15%.
- Bush Tax Cuts DID NOT INCREASE REVENUES. Revenues would have been HIGHER without the Bush Cuts.
- Former Reagan and Bush era economists say there’s “No dispute among economists" that Bush tax cuts reduced revenue, including: Alan Greenspan (Former Fed Chair), David Stockman (Reagan Economist - Federal Reserve) and Alan D Viard (Bush Economist), the list goes on....
- Here is a Jobs Chart Comparison showing job losses/gains from the Bush and Obama Administration:
- And if you think it's health care, social programs or immigrants that are bankrupting this country, think again
To visually compare the cost of health care reform to the Bush tax cuts, the 1st and 2nd bar below are Bush Tax cuts, the 3rd is PPACA:
Between Jan 20 2001-2009 under Republican policies and leadership:
Unemployment doubled from 4.2% to 8.2% (source)
National debt doubled from 5.7 trillion to 10.6 trillion (source)
Yearly budget went from a $236 billion surplus to a $1.2 TRILLION deficit (a 1.4 trillion drop) (source)
Dow Jones plunged 25% from to 10,587 to 7949 (source)
Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008 (source)
Losing 700,000 jobs monthly, Economy in total free fall ....
We can not afford any more of irresponsible and reckless Republican spending at the expense of average, middle-American tax payers.
