The budget surplus myth

On Thursday the White House published the chart below that explains how the nation got from the Clinton-era budget surplus and the projection that it would eventually pay off the U.S. national debt to the $14 trillion debacle we’re facing only a decade later.

U.S. National Debt

(Click on the image for a slightly more legible version.)

Who is responsible for the debt crisis?

Who is responsible for the debt crisis? || “The Chart That Should Accompany All Discussions of the Debt Ceiling”


This chart is not intended to cause vigorous debate about who is to blame for our current predicament here in the United States, nor is it intended to stimulate a dialog about whether or not we should be concerned about having a debt ceiling.  The intention here is to provide a moment of reflection on how we have come to arrive at this place together and the decisions we made about what is important to us as a nation over the past 10 or so years.

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