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:

Source: Keith Hennessey

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.
Read Hennessey's complete blog post here.

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