This site shows why I think government debt is the most serious long term issue for the country. The longer we wait, the greater the pain of the fix - and even now it will cause pain.
Tuesday, September 22, 2009
Alarming Debt Charts
Simple charts vividly demonstrate the immensity of the exploding debt problem now faced by the United States. The large expansion of debt in World War II looks like a small blip compared to what's coming if we do not change policy. Click here:
http://johnbtaylorsblog.blogspot.com/2009/09/alarming-debt-charts.html
to see the charts I used to compare U.S. debt history with CBO projections in my Economics lectures at Stanford today. The source is the spreadsheet for CBO's alternative fiscal scenario in its June Long-Term Budget Outlook.
About Me
- Don
- Married with 4 adult children - two older boys and 2 younger girls. I love learning - especially about history, science, and the human species. I"m currently (2008) in my 50's and expect to be around for a long time - my family tends to be long-lived.
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