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Showing posts with the label Financial Data

Some people are tired of all the debt charts.

Alex Pareene, at Salon, for one: I can explain the magnitude of the federal debt pretty easily: The recession caused revenue to plummet, and tax rates have been very low for years. Plus wars. But I explained that with words. Who reads words? No one, unless those words have lines next to them, or colored bars. America's Deficit Chart Surplus -- Salon

How Americans have done financially since 1940

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"Aughts were a lost decade for US economy, workers" - Washington Post

Anatomy of a deficit

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The "socially liberal, fiscally conservative, and academically rigorous" (per CQ) Center on Budget and Policy Priorities presents this (literally) graphic depiction of the U.S. government deficit over the next decade. The deficit for fiscal 2009 was $1.4 trillion and, at an estimated 10 percent of Gross Domestic Product (GDP), was the largest deficit relative to the size of the economy since the end of World War II. Under current policies, deficits will likely exceed $1 trillion in 2010 and 2011 and remain near that figure thereafter.... The recession battered the budget, driving down tax revenues and swelling outlays for unemployment insurance, food stamps, and other safety-net programs. Using CBO’s August 2008 projections as a benchmark, we calculate that the changed economic outlook accounts for over $400 billion of the deficit in 2009 and slightly smaller amounts in subsequent years. Those effects persist; even in 2018, the deterioration in the economy since summer 200