Tuesday, August 02, 2011

A chart worth pondering


From David Cay Johnson:
"Both political parties contributed to our federal debt. Manufactured crises like the debt ceiling vote mask the real issue, which is our desperate need for prudent policies that create broad prosperity by taxing, spending and managing debt for the good of country, not party."

2 comments:

John Nelson said...

It is probably worth noting that the GWB portion of the pie chart represents 8yrs, while the BHO portion represents 2.5 years.

JDTapp said...

Sure. There are other things to note, like Reagan's amount in gross dollars was higher because those deficits were run at much higher interest rates than any other administration. That would have been inevitable no matter what.