Tuesday, January 04, 2011

Read It. Be Very Concerned.

Steve put up a nice chart, if you like monsters/vampires/undead (etc.)

In short: from 1970-1801 or so, total Fed debt hung around 25-40% of GDP, popped up to ~60++% in the 1991-2008 period, and has gone off the chart since then.

There are lots of twists and turns along the way which Steve explains.

Paul Ryan has a very big job, indeed.

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