Tag: budget deficit
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Economics Links
1. Here's The Chart That Destroys What Republicans Are Saying About The Deficit 2. The 10 Most Popular Charts On The World's Most Amazing Economics Website Here is one example: Nominal GDP (3.1% growth year over year in Q2): 3. Global trade volume and world industrial production both reached new record highs in July 4.…
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Graphically Misrepresenting the National Debt (CBPP)
The chart below is making the rounds at liberal news outlets today. I wasn't going to comment on this because I don't like engaging in deeply partisan topics on this blog, but the stat guy in me just can't keep quiet. 😉 Here is the chart: I'm going to take the percentages at face value.…
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What’s Wrong With This Deficit Graph?
Lately, I've seen various graphs that purport to show the key components driving our budget deficit. Below is the latest one making the rounds: The issue that we need to pay particular attention to is the inclusion of Bush-era tax cuts. Taxation is directly related to economic growth. A 0% tax rate is not workable.…