When you hear two politicians in the U.S. going toe-to-toe arguing
about public finances (i.e. money that isn’t theirs), they’ll often
cite numbers published by the Congressional Budget Office (CBO).
In political circles, the CBO is considered an honest broker… an objective referee that simply presents the facts without taking a position on the numbers.
As such, it’s usually interesting when the CBO publishes something new about the macro situation of the world’s largest economy.
They recently released an infographic showing America’s debt to GDP ratio over the last 100-years, through World War I, the Great Depression, World War II, the Nixon Gold shock, and the Global Financial Crisis.
Read more: http://www.sovereignman.com/expat/presenting-the-cbos-long-term-outlook-infographic/#ixzz1xI1sWCBr
In political circles, the CBO is considered an honest broker… an objective referee that simply presents the facts without taking a position on the numbers.
As such, it’s usually interesting when the CBO publishes something new about the macro situation of the world’s largest economy.
They recently released an infographic showing America’s debt to GDP ratio over the last 100-years, through World War I, the Great Depression, World War II, the Nixon Gold shock, and the Global Financial Crisis.
Read more: http://www.sovereignman.com/expat/presenting-the-cbos-long-term-outlook-infographic/#ixzz1xI1sWCBr
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