Wednesday, April 1, 2009

The National Budget, Debt & Deficit

There is a stunning lack of knowledge of basic economics and the history of government revenue, spending and deficits.  These graphs should help.

The National Budget, Debt & Deficit

"Clinton balanced the budget." "The national debt is at an all time high" (and so is the deficit). What does this all mean? I found some historical information and plugged the numbers into Excel and generated these charts.

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