Thursday, July 14, 2011

Chart of the Day: Federal Spending vs Revenue

A close look at this chart reveals our government has a spending problem, not a revenue problem. You can see there are revenue drops after the 9/11 attack and the 2008 recession. However, the angle of the spending line becomes steeper around 2002 and almost goes vertical after Obama takes office.

Via The Heritage Foundation:
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1 comment:

  1. AnonymousJuly 26, 2011 at 8:03 PM

    In reality the blue line goes almost vertical right after the financial collapse; right before Obama took office.

    ReplyDelete

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