The most dangerous chart

by pdxblake

The conventional line from Republican politicians and conservative economists is that the main thing holding back the US economy is too much government, the deficit or some other combination of those factor.

However, the chart below (ht Paul Krugman) shows how much this is not true, and how, despite private sector non-residential investment booming, the economy remains stuck in neutral in part because of cutbacks in government spending in the past 3 years.

Advertisements