Wednesday, June 3, 2009

Slavery for the Free: 2008 Edition

I'm a wee bit behind in posting this, but nonetheless here is the latest debt data.

Debt accumulation marched on, at least through December of last year.

Taking out intergovernmental debt doesn't change the overall picture.

Hooray! Consumers almost stopped accumulating debt last year. Too bad it took a major recession to force the change.

Here we see the spike in publicly-held federal debt that started last year. This year's increase will dwarf all previous years.

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