I didn't see this post until today and just before that I was working on creating the same graph. I came up with this one:
I think Krugman's is all governments, state and federal (and maybe local) and mine is just federal, which I think is more relevant. Also by showing a longer timeline, the trend is clear and the Reagan deficits stands out. Clinton's surplus is also clear and it's clear he did it by raising government income, and it's not mostly by raising taxes but by growing the economy (the blue line is the change in GDP from the previous year), and that's clearly what we need now.
1 comment:
Ezra Klein did it this way
Post a Comment