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Tuesday, December 15, 2009

Treasury Debt to Receipts over the LONG Term

In response to my post on Treasury Debt to Receipts Spiking an anonymous reader asked for data going back further than the early 1980's. Using data from USGovernmentRevenue.com, the chart below shows debt to receipts going back to the mid 1800's.

So how does the recent spike compare?

Click for Ginormous Chart


The Good:
Debt levels have been higher relative to receipts

The Bad:
Those levels were only after the Civil War and Great Depression