The far right love to claim that Obama is to Blame for the desperate increase in public debt held by our country. Even though graph after graph, facts after fact show this not to be the case. In that light I expect more facts and common sense to change little of their neanderthal beliefs because when all is said in done we will still have a President who is black and that is unacceptable to them. The following graphs will show, it wasn't bailouts nor a recession ending stimulus package nor a largess of government spending that has caused our federal debt to suffer momentous increases with the possibility of crippling our nation if left unchecked. I mention this now as flying under the radar is a Right Wing Republican plan to once again extend the Bush Tax cuts. I know people hate the fact that Bush, even out of office, still is criticized, but an unbiased view of his tenure will show that in many ways he has been the worst President to inhabit the office.
Note, without two unnecessary wars and without the Bush tax cuts, even with a recession our country today would be in less debt than in 2009.
This graph may be easier to understand.
Of course right wing nut jobs will tell you the purpose of these tax cuts were to spur the economy and create jobs. This is an outright lie.
The following is a graph detailing the Bush tax cut as compared to the alternative tax cuts democrats proposed. Please note the little difference that would affect the lives of the 99 percent. The average person did not get a tax break, they got a slap in the face.
As a result of these tax cuts the average American's income have not kept up with inflation while those that make the most have increased exponentially.
Notice the average increase in earnings and then compare it with the average yearly inflation chart. To keep up with inflation your net salary would have had to increase by over 25 percent from 2000 until 2010
Here's how the top percentage of earners did
In conclusion, it's not about share the wealth. It's not about decreasing the earning power of anyone or limiting anyone's earning power. It's simply about fairness.