March 31, 2013

Chart: Government Receipts vs. Expenditures

Doesn't get any simpler than this.

The following chart shows government receipts vs. expenditures as a percent of private industry wages. As you can see, receipts has remained flat while expenditures have steadily grown over the past decade. This trend will be very difficult to reverse. Fortunately, it doesn't seem to have created an issue for the phantom 'bond vigilantes'.

Source: Our Finite World

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