Economy

Republican Debt in Convenient Graph Form

Via Jon Cohn, this new graph from CBPP is an outstanding representation of what the national debt as a percentage of GDP will look like with and without the Bush tax cuts expiring.

DebtTaxCutsJan2010projections.jpg

An indefinite extension of the Bush tax cuts is, well, indefinite. It will cost $3.9 trillion in the first 10 years. And then it will cost more than that in the second 10 years.

And yet they can still look at themselves in the mirror after bitching about "generational theft?" That's rich.