Great infographic from CBC News … re: the U.S. Debt limit.
Takeaways below the chart …
As commonly known, the debt limit has surged under both Bush and Obama.
The debt to GDP ratio has soared under Obama … after being flat for about 20 years.
Of course, part of the ratio increase is tied to the denominator … the debt has increased faster than the slow economic recovery.
Biggest surprise (to me) is that The “inflection point” – when the debt really started to takeoff was during the Reagan presidency.
So what?
Upward trajectory has to end some day, right?
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click to play with the infographic … worth browsing.
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