Wednesday, December 21, 2011

The federal budget on one page

I'm not a very good blog poster...witness my month-long lack of posts. I'll keep trying (and likely failing) to do better though.

In the meantime, here is a great infographic from the CBO that lays out the federal budget in one concise page. Although maybe it tends to focus your attention too much on the national debt. Some economists (Paul Krugman for instance) argue strenuously that the debt may be a long-term problem but it is not one in the short term. By focusing on the federal budget this leaves out the story of the functioning of the whole economy.

That's ok though because here is a slideshow of other graphs from the Washington Post. It's their economic year in review. More varied than the CBO one but still interesting.