Charts of the Day – US Debt-to-GDP

Veronique de Rugy, an economist at the Mercatus Center, has nicely created these charts below concerning U.S. Debt-to-GDP.  They visually express a lot of what our co-blogger Marc Eisner has been saying since our inception.  It is hard not to agree with Vero’s conclusion: “The only way we will begin to see an improvement in our global debt comparisons is for policymakers to focus on cutting spending and enacting long-term reforms to major government programs rather than temporary solutions.”  I’d add that we also need pro-growth policies to get us out of this bind.  My only caveat is that I’d like to see a chart with the five richest high population countries for comparison.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s