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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 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.