To judge only by cable news, the debt problem that the United States is facing threatens to destroy the entire universe RIGHT AFTER THE COMMERCIAL BREAK. But how bad is it, in historical context? And, more importantly, what's driving the debt?
The talented folks at Elefint Designs sent us a rather detailed chart that attempts to tease some of these questions apart. And perhaps the most surprising thing is that we're actually starting to bend the curve of debt growth.
[Click to enlarge]
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