Tuesday, August 02, 2011

The Maddow Blog: "Look Ma, no revenue!" (with chart)


The Maddow Blog:
The most asked-after item from last night's show is this chart showing the ratio of cuts to tax revenue in past deficit deals.

It's based in part on this one from early July from Jared Bernstein. His chart is focused on specific bills. Ezra Klein made a similar one at the time time, but grouped the data by president. He includes the expectation at the time that revenue would make up 17% of the debt deal signed into law today. As Chris pointed out last night, that number is actually zero. Our chart adds in a couple of iterations of the debt deal, including President Obama's initial pitch and an early plan from Republicans.

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