Jon Gabriel
  • Home
  • Words
  • Media
  • Design
  • Contact

The Reality of America's Finances

10/21/2013

0 Comments

 
FREEDOMWORKS

When Washington raised the debt ceiling this week, the Beltway media breathlessly reported that the fiscal crisis had ended. Lawyers danced in hallways, bureaucrats twerked on the Metro, congressional aides kissed strangers in the streets — the Tea Party has been defeated! It was like VJ day for wonks.

As our political class exchanged high fives and reporters praised a return to “sanity,” I wondered how these odd creatures defined insanity. 

America’s fiscal crisis is not that our debt ceiling was too low, the fiscal crisis is that our debt is too high. When I mentioned this to left-leaning folks, they seemed indifferent. “Obama lowered the deficit.” “I think Bush spent more.“ “It’s Reagan’s fault!”

So I made this infographic:
Picture
Since most graphs look like this, I focused on just three big numbers: Deficit, revenue and debt. 

The analogy is imperfect, but imagine the green is your salary, the yellow is the amount you're spending over your salary, and the red is your Visa statement. Then imagine your spouse runs into the room and shouts, “great news honey, our fiscal crisis is over. We just got approved for a new MasterCard!” Your first call would be to a marriage counselor or a shrink.

The chart is brutally bipartisan. Debt increased under Republican presidents and Democrat presidents. It increased under Democrat congresses and Republican congresses. In war and in peace, in boom times and in busts, after tax hikes and tax cuts, the Potomac filled with red ink.

Washington likes to talk about sustainability. Forget sustainable — how is this sane?

Yet when a conservative hesitates before raising the debt ceiling, he's portrayed as a madman. When Paul Ryan offers a thoughtful plan to reduce the debt over decades, he's pushing grannies into the Grand Canyon and pantsing park rangers on the way out.

Since posting this chart to Twitter, the reaction has been intense. Some on the right think I’m too tough on the GOP while those on the left say it doesn’t matter or it’s all a big lie. Others tell me that I should have weighted for this variable or added lines for that trend. They are free to create their own charts to better fit their narrative and I’m sure they will. But the numbers shown above can’t be spun by either side.

Math doesn’t care about fairness or good intentions. Spending vastly more than you have isn’t good when done by a Republican or a Democrat. Two plus two doesn’t equal 33.2317 after you factor in a secret "Social Justice" multiplier. And if our current president accumulates debt at the rate of his first four-plus years, the national debt will be $22 trillion by the time leaves office.

So post this chart to Facebook, Pinterest or on your local grocery store’s bulletin board. If enough people see it, maybe — just maybe — those who want to increase the debt will be viewed as the “crazy” ones.
0 Comments



Leave a Reply.

    Archives

    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    August 2016
    June 2016
    May 2016
    March 2016
    November 2015
    October 2015
    September 2015
    June 2015
    May 2015
    April 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012

    Categories

    All
    Arizona
    Arizona Republic
    Art
    Business
    Buzzfeed
    Communication
    Culture
    Daily Caller
    Design
    Drugs
    Economy
    Education
    Energy
    Environment
    Family
    Food & Drink
    Freedomworks
    Free Speech
    Gender
    Guns
    Health Care
    Heartland Institute
    Humor
    Immigration
    International
    Journalism
    Military
    Music
    Neatorama
    NY Post
    Outrage
    Philosophy
    Photoshop
    Politics
    Red Tape
    Religion
    Ricochet
    Social Media
    Technology
    Unions
    USA Today
    Wall Street Journal

    RSS Feed

© 2017  Jon Gabriel. All rights reserved.
  • Home
  • Words
  • Media
  • Design
  • Contact