[quote]
The graph is an eye-opener, in that it shows how our recent additions to spending under Obama dwarf the deficit spending under Bush.[/quote]
In case you didn’t notice, the graph ends in 2007-08 and the takeoff began circa 1985.
Also, Arraya failed to mention what debt it shows. It is not federal or public debt (which is still something like 80% of GDP). It’s all debt outstanding in the system. Most of it is mortgage debt. Obama’s February stimulus bill was 5% of GDP. It would have been an almost invisible uptick on that graph.
