From "
The long term budget problem begins now" by 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.
No comments:
Post a Comment