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
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
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
At the current time, the government also has massive pending liabilities (Medicare, Social Security) that did not exist at the time of the prior spikes.
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