How The Bush Tax Cuts Blew Up The Deficit And Debt

[democracy1st]

Run time: 01:06 https://www.youtube.com/watch?v=UDC8pmfmYc4   Posted on YouTube: June 07, 2011 By YouTube Member: ThinkProgressVideo Views on YouTube: 172   Posted on DU: June 08, 2011 By DU Member: democracy1st Views on DU: 527

 
Today marks the 10th anniversary of the first of President George W. Bush's two tax cuts, which have played a disproportionate role in blowing up the deficit and debt. As the Center for American Progress' Michael Ettlinger and Michael Linden found, the federal debt would be at a sustainable level today — even with the wars and the financial crisis — were it not for the Bush tax cuts. ThinkProgress has assembled this short animation showing how the Bush tax cuts drove the deficit and debt up and are still ruining the budget picture today.

Adding insult to injury, in 2001, Bush promised that he would pay off the federal debt within 10 years.

http://thinkprogress.org/politics/2011/06/07/238653/animation-tax-cuts-deficit-debt/