Read Hennessey's complete blog post here.
The dotted red line shows us that, over the past 50 years, federal government spending averaged just over one-fifth of the economy (20.2% of GDP). The dotted blue shows us that, over the past 50 years, federal revenues averaged just over 18% of GDP. The small yellow double arrow between the dotted red and blue lines shows the average deficit over the same period: 2.1% of GDP.
The vertical white line at 2011 separates the past from the projected future of the President’s policies.
Wednesday, February 16, 2011
Obama's Disastrous Ever Widening Budget Deficit In Picture Form
From "The long term budget problem begins now" by Keith Hennessey:
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