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Archive for July 27th, 2011

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U.S. Debt Dilemma: Caused by Excessive Spending or Not Enough Revenue?

Wednesday July 27th, 2011   •   Posted by Craig Eyermann at 2:45pm PDT   •   9 Comments

Assuming that the current U.S. debt crisis began in 2008, which is more responsible for the current U.S. government debt crisis: excessive government spending or too big a fall in government tax receipts? We present the answer using data from 1967 through 2010, graphically, below: At its peak in 2009, we find that the…
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