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...trillion Health-care spending in the U.S. in 2002, accounting for an unprecedented 15% of the nation's economy...

Author: /time Magazine | Title: Numbers: Jan. 19, 2004 | 1/19/2004 | See Source »

...50¢ worth of budget cuts for every tax-cut dollar, the deficit climbs from 0 to 11 (equivalent to $220 billion). Spending drops to 97 around year eight but is back to 100 and heading uptown by year 20. Accumulated new debt over two decades is around 160 ($3.2 trillion...

Author: /time Magazine | Title: A Beast of an Idea | 1/12/2004 | See Source »

...10¢ for every dollar of tax cuts (hardly pessimistic, given that there is no actual evidence that tax cuts drive down spending at all), we're in deep, deep doo-doo. Government spending is almost 10% higher (yes, higher) after 20 years, and the equivalent of more than $5 trillion has been added to the national debt...

Author: /time Magazine | Title: A Beast of an Idea | 1/12/2004 | See Source »

...despair. Imagine an STB rate of 1 to 1. You end up with an annual surplus equivalent to $400 billion, government spending down by almost 30% and more than $5 trillion knocked off the national debt. All you have to believe is that every time President Bush gives the country a dollar in new tax cuts, the country shows its appreciation by spontaneously knocking a dollar off its demands for government spending. And if you buy that, I've got an old cocktail napkin I'd like to sell...

Author: /time Magazine | Title: A Beast of an Idea | 1/12/2004 | See Source »

...Dean isn't really talking about jobs, even when he says, "Let's talk about jobs," which he does, first and foremost, in every stump speech. Very quickly he turns to pummeling the President about "$3 trillion worth of tax cuts for his wealthy contributors." Indeed, "jobs"--shorthand for the 3 million jobs lost during the Bush Administration--turns out to be camouflage for an even hotter topic: the rampaging privileges that the corporate elites have won during the past three years. This is Dean's real theme, a unified-field theory of Republican depravity. Jobs, the elderly, the economy...

Author: /time Magazine | Title: Campaign '04: The Fire This Time | 1/12/2004 | See Source »

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