Infographic on U.S. Federal Budget


Location Date: 
December 13, 2011
Content: 

If you are a junkie for stats, consider going to the Congressional Budget Office’s website (www.cbo.gov) and sign up for a push email service.  I received the infographic below (click here to see expanded version), from them last night..  It is a good summary of the “on balance sheet” items of the U.S. federal government.  As we move into 2012, the fiscal drag associated with expense control at all levels of government in the West will crimp GDP growth – austerity bites, as the UK is now finding out.  The way forward will require sacrifice not “fancy pants” monetary policy or further shadow banking initiatives.
 

Jim McGovern