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.
Thursday, December 20, 2012
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