Expressing federal spending in terms of individuals or households brings home the egregious and disheartening reality that our government is spending way beyond our means.
Before the ’80’s, it looked pretty good. We all know the deficit started to grow under Reagan; thankfully, he took the government’s role of defending citizens seriously and forced the end of the Cold War. Clinton ran some surpluses. Even though I don’t agree with John Maynard Keynes‘s general theory of employment, interest and money, but what we’re seeing today is totally out of control.
Someone suggested that I write an article entitled, “Which is spinning faster: the counter on the U. S. national debt or Ayn Rand in her grave?” Maybe this graphic would be the appropriate illustration.
I’m interested in your feedback. What do you think?