Here’s a depressing chart prepared by Veronique de Rugy of the Mercatus Center. But we don’t need a thousand words to say that the long-run prognosis for America will be grim if government continues to expand faster than the productive sector of the economy.
This is mostly a chart of the Bush years, so keep that in mind when assigning blame. That being said, I fully expect grim results when the 2010 numbers are finalized.
