Sunday, October 27, 2013

The Reality of America's Finances
...The chart is brutally bipartisan. Debt increased under Republican presidents and Democrat presidents. It increased under Democrat congresses and Republican congresses. In war and in peace, in boom times and in busts, after tax hikes and tax cuts, the Potomac filled with red ink.

Washington likes to talk about sustainability. Forget sustainable — how is this sane?

Yet when a conservative hesitates before raising the debt ceiling, he's portrayed as a madman. When Paul Ryan offers a thoughtful plan to reduce the debt over decades, he's pushing grannies into the Grand Canyon and pantsing park rangers on the way out.

Since posting this chart to Twitter, the reaction has been intense. Some on the right think I’m too tough on the GOP while those on the left say it doesn’t matter or it’s all a big lie. Others tell me that I should have weighted for this variable or added lines for that trend. They are free to create their own charts to better fit their narrative and I’m sure they will. But the numbers shown above can’t be spun by either side.

Math doesn’t care about fairness or good intentions. Spending vastly more than you have isn’t good when done by a Republican or a Democrat. Two plus two doesn’t equal 33.2317 after you factor in a secret "Social Justice" multiplier. And if our current president accumulates debt at the rate of his first four-plus years, the national debt will be $22 trillion by the time leaves office....