From the Center on Budget and Policy Priorities:
Note that by 2050, the debt from the Bush tax cuts alone will equal 100% of GDP. 100% of GDP. Say that to yourself slowly a few times and savor it.
Two take-homes from this:
Any Republican who claims to be worried about the deficit but wants to extend the tax cuts (which is basically all of them) is a liar or an idiot or both.
It's profoundly depressing and irresponsible that Obama is willing to even consider making the middle class tax cuts permanent. IIRC, the ten year cost of the tax cuts is about $4 Trillion (with a T), of the which the cost of the upper-class tax cuts are $700Bn. So Obama making the correct argument that we can't afford the tax cuts for the rich, but ignoring the much more pressing fact that we can't afford the rest of the cuts either. Not that it matters, since Dems have so backed themselves into a corner that they'll all be made permanent anyway.
We are governed by idiots, truly.