Tag Archives: Bush recession

The Bush tax cuts, the bubble, the collapse, the $2.5 trillion: what might have been instead

The Bush tax cuts were signed 10 years ago today. We gave the wealthiest among us $2.5 TRILLION dollars. That worked out well. Here’s some stuff we might have done instead with that revenue.  But all these things would have done of course is educate and employ people.

  • Provide 43.1 Million Students With Pell Grants Worth $5,500 Every Year For Ten Years
  • Provide 31.5 Million Head Start Slots For Children Every Year For Ten Years
  • Provide VA Care For 30.7 Million Military Veterans Every Year For Ten Years
  • Provide 30.4 Million Scholarships For University Students Every Year For Ten Years
  • Hire 4.19 Million Firefighters Every Year For Ten Years
  • Hire 3.67 Million Elementary School Teachers Every Year For Ten Years
  • Hire 3.6 Million Police Officers Every Year For Ten Years
  • Retrofit 144.6 Million Households For Wind Power Every Year For Ten Years
  • Retrofit 54.2 Million Households For Solar Photovoltaic Energy Every Year For Ten Years

The tradeoffs paint a stark picture. For the same price as the Bush tax cuts, which did little to help the economy, we could’ve sent tens of millions of students to college, retrofitted every household in America with the capacity to generate alternative energy, and hired millions of firefighters and police officers.

UPDATE: Drat! Kay posted this too. She gets up earlier.