Wednesday, July 20, 2011

Chart of the Day

From the Dish:


Plenty of room to cut there.  I'd start with the mercenaries we euphemistically call contractors who are fighting the wars in Iraq and Afghanistan.  Wind those wars up, cut more at the Pentagon, let the Bush tax cuts expire, and we start looking a bit better on the budget front.  Then you can start messing with entitlements or look at single-payer.

Looking at that chart, a couple of things stand out. 

First, is the Vietnam War not included here?  Did we really spend more money under Reagan and GWB than we did in the Vietnam War?  Second, notice the defense spending in relation to balanced budgets.  Under Reagan, high defense spending, giant deficit.  Under Clinton, cuts in defense, "surplus", under Bush and Obama, crazy defense spending, crazy deficits.  Does anybody see a pattern?  If we want to cut deficits, where do you think we should start?

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