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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