Personal and government debt have each grown faster than the US population over the past 40 years. Here’s an infographic about the growth in average personal debt over time in.
Personal and government debt have each grown faster than the US population over the past 40 years. Here’s an infographic about the growth in average personal debt over time in.
Regardless of the top marginal tax rate since the 1930s, federal revenue as a share of GDP remained static in a narrow range of 18-20%.
National debt increased in less time under Obama than Bush, but both parties have contributed substantially to our debt.