A while back, I posted a slightly different version of this graph.
It puts the budget-busting health care reform bill into some kind of perspective, doesn't it!
Iraq is the undeclared war. PPACA is the recently passed health care reform act.
JGTRRA and EGTRRA are the Bush tax cuts of '01, and '03 which are contributors to the enormous upward redistribution of wealth that has taken place over the last decade.
Graph from Menzie Chinn. H/T to Krugman.
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Tuesday, November 5, 2024 Michael Hobin
4 hours ago
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