Comments 1 - 1 of 1 Search these comments
A couple of things
http://research.stlouisfed.org/fred2/graph/?g=hsW
blue line is federal deficit / GDP
red line is the fed's holdings of UST / GDP
The Fed's QE has given our system a shot in the arm, no doubt.
But the deficit itself is still greater than any time outside of WW2.
This graph:
http://research.stlouisfed.org/fred2/graph/?g=hsX
is the true story of the economy, it shows consumer debt / wages, how the consumer sector borrowed its way to prosperity 2000-2008.
By all rights we should be in a another "Great Depression", and would be had the Fed and Congress repeated the policy responses of 1930-1932.
We really boosted government spending:
http://research.stlouisfed.org/fred2/graph/?g=hsY
is real (2012 dollars) govt spending per capita, up from $16,000 immediately before the crisis to $18,000- $19,000 now.
Theoretically we should be taxing $20,000 per capita, LOL.
For a family of 4, that's $80,000/yr.
Ain't nobody got time for that.
It’s hard to envision a time in recent history when the deficit has shrunk so much in dollar terms in the space of four years.
?w=580
http://www.thedailybeast.com/articles/2013/04/10/deficit-hawks-rejoice-we-re-in-a-golden-age-of-deficit-reduction.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedailybeast%2Farticles+%28The+Daily+Beast+-+Latest+Articles%29
#politics