Wednesday, November 18, 2009

The Federal Budget is Worse Than You Think

I came across this figure from the US Treasury via scottgrannis's blog that shows how imbalanced the Federal Budget is. The budget was having a problem in the mid 2000's, and now the recession and the Wars have knocked it again. Spending is up and tax revenue is down.

I have to point out that Scott made the y-axis logarithmic, so the true state of affairs is worse than it appears.