Kevin Drum on Mother Jones:
I know the doomsayers don't care, but at the moment we're paying about 2 percent of GDP to service the national debt. The chart below shows how that's skyrocketed since—um, I mean, declined steadily since its height during the Reagan era. Pretty scary, isn't it?
See also this and this.
See also this and this.
Labels: Chart of the Day
posted by Rob Anderson @ 11:09 AM
2 comments
2 Comments:
How about this story?
https://www.google.com/imgres?imgurl=http://www.fixthedebt.org/uploads/images/HistoricalDebtLineGraph.png&imgrefurl=http://www.fixthedebt.org/everything-about-the-debt&h=601&w=915&tbnid=NUiKulL5kz1_NM:&tbnh=120&tbnw=184&docid=IYaXUZD_aJ9PtM&usg=__FBLq7UnJ6tUHk36x_NBLrl8D9Eg=&sa=X&ved=0ahUKEwix88DO6I7MAhUJ2GMKHd-pDmIQ9QEIIDAA
Here's a link to the site. Not clear what the percentages in the graph you link are based on. Since interest rates are so low now, seems like the site is wrong about that. Conservatives have been warning---incorrectly---about hyper-inflation for years. If we're now paying around 2% on the debt, would, say, even a hike to 3% be such a big deal?
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