Posts Tagged ‘Taxes’

The Daily Show and Fox News

August 20, 2011 2 comments

Watched the last episode of the Daily Show (the first part(~5 min) and the second part (~5 min) – both of them are essentially about the same) yesterday. This is really too much. How can you call Warren Buffet a socialist after he said that the rich ones enjoyed the tax cuts for too long? How can you say that the US deficit is because of Obama’s Healthcare reforms? See, for example, the popular graph below, courtesy of The New York Times, that basically says that the President Bush’s tax cuts contributed the most among other factors to the US deficit that the Americans “enjoy” right now. And the simple calculations from the second part make this episode probably the saddest among the recent ones. Stewart was great as usual. Structure of the US debt