Thursday, April 26, 2012

Private Debt 2012 (17): Cheap Talk


This story is told over and over again: Look how high the Federal debt is!

Blue Line: The Federal Debt as a Percent of GDP

But this story, inexplicably, remains untold:

Blue Line: The Federal Debt as a Percent of GDP
Red Line: Total Debt as a Percent of GDP


The blue line shows the same debt in both pictures.

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