This chart could be a campaign ad!

[Onlooker]

Don_G actually posted this chart in another thread, but it's worth its own thread (if it hasn't had one already). This chart could be a campaign ad!

[dusty64]

1. The chart says it ALL.

x

[jeff30997]

3. Yep.

A picture like that is worth a thousand words.

[Jack from Charlotte]

15. Here's more............

[TexasSissy]

2. Unfortunately, most average Americans don't understand deficits, and

the rest that do, don't care. Sigh.

Then when the congress and/or Prez have to increase taxes years from now to pay off the deficit (hitting our 401K's pretty hard), the people will blame the politians who are in power at that time.

So much for the advantage of having tax deferred 401(k) accounts. The whole idea is premised on the fact that your taxes will be lower when you retire. But as Suze Orman says, do you really think the government is going to start a program where it will lose money?

[NewYorkerfromMass]

6. they understand budgets

so they will understand the simple fact that you don't spend more than you earn.
What's there to understand?

[TexasSissy]

7. My dad, a Repub, says, "They'll just print more money. What's the

big deal?" When I said that I didn't think they could print that much money, since that'd make the dollar worthless, he then said, "The government will make money by selling bonds to the citizens. We all win."

Sigh. I didn't really want to get into with him, about the foreign countries from whom we are borrowing, how taxes will have to be raised, etc.

[redqueen]

10. Holy Crap!!!!!

.......

:wow:

[Waverley_Hills_Hiker]

12. they did in the Weimar Republc too....

...and the subsequent massiv inflation wiped out the middle class, who moved far right, and voted in the Nazis.

[Ruffhowse]

4. Wow, I thought the Reagan years were bad......

....but shrub has him beat by a mile!

[jeff30997]

5. Lol...

The Chimp is the best at being the worst president ever!:evilgrin:

[RedEarth]

8. Looks like bush will cut Social Security and Medicare....

Krugman has been saying this was all part of the radical right plan......cut taxes and then "starve the beast"(Social Security and Medicare).

[redqueen]

9. I hope they do use this

What the hell is wrong with these people? They're happily ruining their children's and grandchildren's futures!

:mad:

[Waverley_Hills_Hiker]

11. Look at how things go haywire after Nixon

This is a disturbing chart, and its disturbing in a macro, bipartisan way, too....

[TexasSissy]

13. Wow. I hope they use that chart in an ad.

[sandnsea]

14. T-Shirts

We could all be walking ads.