How Trillion-Dollar Deficits Were Created

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How Trillion-Dollar Deficits Were Created

A great chart showing how the trillion dollar deficits emerged, a flood of red ink from the last 10 years.

There are two basic truths about the enormous deficits that the federal government will run in the coming years.

The first is that President Obama’s agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying. The second is that Mr. Obama does not have a realistic plan for eliminating the deficit, despite what his advisers have suggested.

http://graphics8.nytimes.com/packages/images/newsgraphics/2009/0610-leonhardt/0610-web-leonhardt.gif

from
 http://www.nytimes.com/2009...
By netchicken: posted on 13-6-2009








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