Rachel Maddow calls the above chart “the best chart ever”. Why? Because she claims it proves the Bush tax cuts were a disaster while the Obama Health Care plan is a real boon to America’s beleaguered financial status. But do the facts bear out her claims? In reality, this is a pathetic claim based upon obvious and serious mistakes in interpreting the CBO numbers.
Here are the actual CBO numbers for the Bush years and the first year of the Obama Administration:
| Debt | |||||
| Held by | |||||
| Revenues | Outlays | Total | the Public | ||
| 2000 | 2025.198 | 1788.957 | 236.241 | 3409.804 | |
| 2001 | 1991.142 | 1862.906 | 128.236 | 3319.615 | |
| 2002 | 1853.149 | 2010.907 | -157.758 | 3540.427 | |
| 2003 | 1782.321 | 2159.906 | -377.585 | 3913.443 | |
| 2004 | 1880.126 | 2292.853 | -412.727 | 4295.544 | |
| 2005 | 2153.625 | 2471.971 | -318.346 | 4592.212 | |
| 2006 | 2406.876 | 2655.057 | -248.181 | 4828.972 | |
| 2007 | 2568.001 | 2728.702 | -160.701 | 5035.129 | |
| 2008 | 2523.999 | 2982.554 | -458.555 | 5803.05 | |
| 2009 | 2104.612 | 3518.191 | -1413.58 | 7543.987 | |
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