Source:
TPMThe Center on Budget and Policy Priorities has updated and refined a widely cited chart, laying out the origins of the country's current fiscal trajectory. And as before, the lion's share of the problem comes from ongoing George W. Bush-era policies -- particularly deficit-financed tax cuts, which eliminated Clinton-era surpluses and left the Treasury poised for a huge hit when the financial crisis and economic downturn further eroded federal revenues.
Read more:
http://tpmdc.talkingpointsmemo.com/2011/05/chart-bush-policies-dominant-cause-of-debt.php?ref=fpa
How could one person do so much damage? But then again, there are those who want to shrink government "to the size of a teacup" for whom this is good news. To those of us with a heart see this tragedy as causing pain to many people and from which we may never recover.