Wednesday, May 26, 2010

The Context is Stimulating

I know it's futile to try to counter the fervent tea-bagging and "Mike Lee-ing" with things like facts and context... but I'm an eternal optimist (or slow learner, take your pick).  Either way, once again, here's a pretty pie chart, followed by some facts. 


Read more, if you dare.  But for now, you see that big blue part?  No?  Take the tea bags off your eyes.  See it now?  What that says is that the biggest addition to our deficit -- not just now but going forward even! -- is loss of revenue.  Where does loss of revenue come from?  Loss of taxes collected.  And considering there haven't been another massive tax giveaway to the rich in addition to the Bush tax giveaway to the rich, there is only one explanation for this loss of tax revenue.  Wait for it...

Jobs!

Now what is it you tea partiest of tea partiers hate more than health care reform, "anchor babies," and Bob Bennett?  You got it: anything Barack Obama has done since elected!  Which includes his first major piece of legislation, the Stimulus package.  But stay with me now.  What was it we learned in previous paragraphs?  The debt growth since 2008 is primarily the result of loss of revenue due to a loss of jobs for working Americans?  Yep.  What can we do about that?  Well...
The $800 billion economic stimulus package signed into law early last year "has had a slightly bigger effect on the U.S. economy than was projected when it was passed more than a year ago," the Wall Street Journal reports.

"Through the first quarter of 2010, the stimulus boosted employment by an estimated 1.3 million to 2.8 million jobs, about a quarter or half million more than projected. Gross domestic product was 1.7 to 4.1 percentage points higher than it would have been without the stimulus." 
Isn't that interesting.  An investment via stimulus (which you hated) is working to solve a problem that is one of the biggest contributors to our deficit (which you hate).  It's almost like you're fighting against your own best interests in opposing pretty much anything and everything that might be a solution rather than a reactionary talking point containing the words "liberty," "state," "no!" and "Carl Wimmer."

This lesson was brought to you by reading comprehension skills I learned through public education.  Which you also hate.

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