Thursday, September 24, 2009

Government Failure: How to Bankrupt a Country

Does this graph summarize how the current administration will be remembered by future generations?

See other charts here. According to its author, renowned Stanford economist John Taylor, "the 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."

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