Monday, February 1, 2010

Are Teapartiers Nostalgic for Clintonomics?

Menzie Chinn offers this graph:

Notice that the debt/GDP ratio rose pretty secularly under both Bushes (and under Reagan before the graph) and spiked beginning in 2007-8. So far that trajectory has continued, but the only time during the last 30 years that the ratio declined? Under that crazy liberal Bill Clinton. Hm.

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