The U.S. Deficit in a Nutshell
Tax cuts : pink about 30% of deficit ( Bush)
Stimulus: blue about 5% ( Obama)
Two wars: green 10% ( Bush)
Debt without above 3 policies is 35% due to bailouts and reduction of revenues due to
1. Great Recession brought on by Republican deregulation policies.2. Costly Expansion of Medicare ( part D) by W to include drugs run by for-profit insurers and not allowing government to negotiate drug prices as in Canada where brand drugs are half of price in USA.