Graph of the Day

George W. Bush was a good president in many respects but in others he was a wasteful, free spending looter of the economy.

The graph below from the New York Times shows why. A similar graph here would look really sick for Labour. It would highlight Clark and Cullen screwing up our economy badly by locking in spending and blowing large cash amounts of white elephants that need comprehensive feeding plans like Kiwirail.

Of course harden trolls and pinko apologists will attempt to describe tax cuts as spending. They aren’t. And this post is about the validity or otherwise of tax cuts. It is about locked in spending forcing the hand of future government.

 

 


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  • Graeme Edgeler

    Obama extended the Bush tax cuts. Some of that cost should belong to him.

  • thor42

    Interesting graph!
    Even though the Budget each year gives a rundown of expected policy costs, I don’t think that’s sufficient, and the data could be displayed in a much more user-friendly format.

  • tooright

    So a $1.8billion tax cut is an increase in spending. Right!

    The tax cuts should lock in CUTS in government spending.

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