pdog
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I'm curious to see the different ways that one might explain the trends of these graphs
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Your analysys of this graph please - History of US Debt
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I'm curious to see the different ways that one might explain the trends of these graphs
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graphs?
geo.
geo.
Anarcho-fascist
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Carter years. Stable debt loads, even with high inflation and high unemployment which was a continuation from the previous admin
Reagan years, a massive stimulative spike in government spending and debt loads compared to the amount of taxes collected. The large government debt made the economy seem better then it was. A large reason why so many people like the reagan years is that they forget the amount of debt the US government took on during that time frame
Bush 1 years, negatively effected by the savings and loan crisis
Clinton years, the last few were positively effected by the tech bubble. Whould have been worse without it
Bush 2 years, two negative effects and one large positive effect. The bursting of the tech bubble hurt the first couple of years, 9/11 hurt during the same time frame. Both were minimized by the massive housing bubble which made what should have been a far worse economic time period, seem good for many people
Obama, a large and massive negative, the economy is being negatively effected by the housing bubble collapse and the financial collapse it also brought to the fore front. Combined with the negative effects of other countries dealing with excessive debt loads at the same time
So to summarize
Government borrowing during the 80s made the economy seem better then it truely was
The tech bubble made the economy seem better in the later parts of the 90s seem better then it truely was
The Housing bubble in the 2000s masked massive problems in the US economy
2010's the US economy is dealing with the negative effects of excessive government borrowing that started in the 80s and two non government economic bubbles where the first one was not truely allowed to be worked through/
The US economy is going to be poor for the next 10 years or so untill all of the negative aspects that have been building over the last 30 years are worked through
Reagan years, a massive stimulative spike in government spending and debt loads compared to the amount of taxes collected. The large government debt made the economy seem better then it was. A large reason why so many people like the reagan years is that they forget the amount of debt the US government took on during that time frame
Bush 1 years, negatively effected by the savings and loan crisis
Clinton years, the last few were positively effected by the tech bubble. Whould have been worse without it
Bush 2 years, two negative effects and one large positive effect. The bursting of the tech bubble hurt the first couple of years, 9/11 hurt during the same time frame. Both were minimized by the massive housing bubble which made what should have been a far worse economic time period, seem good for many people
Obama, a large and massive negative, the economy is being negatively effected by the housing bubble collapse and the financial collapse it also brought to the fore front. Combined with the negative effects of other countries dealing with excessive debt loads at the same time
So to summarize
Government borrowing during the 80s made the economy seem better then it truely was
The tech bubble made the economy seem better in the later parts of the 90s seem better then it truely was
The Housing bubble in the 2000s masked massive problems in the US economy
2010's the US economy is dealing with the negative effects of excessive government borrowing that started in the 80s and two non government economic bubbles where the first one was not truely allowed to be worked through/
The US economy is going to be poor for the next 10 years or so untill all of the negative aspects that have been building over the last 30 years are worked through
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My analysis is simple. We're spending to freaking much.
pdog
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Anarcho, thank you for fixing my link.
Lord Tammerlain thank you for your great anaysis. Administrations aside, do you think we could summize the debt as being born from World War II was stable thru the 70's and then increasing at the start of the "Supply Side" tax code? Cyclical trends also seem to support this - the only other time in history that top bracket tax rates were this low was - right before and during the great depression:
Income tax in the United States - Wikipedia, the free encyclopedia
Do you agree? If so is there other supporting evidence? If not, what are the counter arguments?
Lord Tammerlain thank you for your great anaysis. Administrations aside, do you think we could summize the debt as being born from World War II was stable thru the 70's and then increasing at the start of the "Supply Side" tax code? Cyclical trends also seem to support this - the only other time in history that top bracket tax rates were this low was - right before and during the great depression:
Income tax in the United States - Wikipedia, the free encyclopedia
Do you agree? If so is there other supporting evidence? If not, what are the counter arguments?