Thursday, December 20, 2012

Plan A, Plan B, Plan Z: "Nothing But Theatrics"

James Pethokoukis has the chart that might scare aware your Christmas cheer. According to JP Morgan economist Michael Feroli the difference between the current track, the Obama plan and a split between $1 trillion in tax increases and $1 trillion in spending cuts is a debt-to-GDP ratio in 30 years of 247%, 226% and 213%, respectively.

More from Pethokoukis: The 7 most illuminating economic charts of 2012.

Including an update of the chart comparing the Obama administration's unemployment predictions with reality.

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