This is, in one chart, what the debate over the Bush tax cuts is all about:
The blue is what everyone saves per year under the Democrats partial repeal, which passed the House today (and I think is a bad idea anyway, though obviously not as bad as the GOP plan). The red is what would be tacked on by the GOP's full extension, except that the last bar, for those making $1 million or more a year, which actually should go up over $100,000 - there just wasn't room to fit it without destroying the rest of the graph.And we're arguing about this when either policy would hugely increase the national debt, while at the same time freezing federal pay, letting unemployment benefits expire, and receiving new deficit-reduction proposals virtually every day.
Wow I fucking hate U.S. politics sometimes.
