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Without being inflation adjusted it is not too revealing. Here is a link to CPI since 1913: ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt A quick modif
by dtap 18y ago
Without being inflation adjusted it is not too revealing.
Here is a link to CPI since 1913: ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt
A quick modification would make the data more powerful.
- jibiki 18y agoAlso, perhaps it should adjust for population growth.
- colins_pride 18y agoOr nominal GDP .. how many years worth of aggregate economic production is the debt? And don't forget Social Security, Medicaire, gov't pension liabilities, etc - they are important parts of the numerator ..
- Dauntless 18y agoAnd it would have been more useful to show it as percentage of GDP.
- Herring 18y agoSome graphs here http://en.wikipedia.org/wiki/United_States_public_debt http://en.wikipedia.org/wiki/United_States_public_debt Plotting as a percentage of GDP can also be misleading, eg US military spending is 4% of GDP but 30% of tax revenue according to wikipedia. They also discuss debt expenditures getting too high on that page.
- colins_pride 18y agoThose military spending statistics suggest that tax revenue is 12% of GDP, which my libertarian heart only wishes were the case