|Submited on :||Fri, 12th of Oct 2018 - 05:10:00 AM|
|Post ID :||9ndz51|
|Post Name :||t3_9ndz51|
|Post Type :||link|
|Subreddit Type :||public|
|Subreddit ID :||t5_2tk95|
Thank you for your Original Content, /u/CaptainMeap!
Here is some important information about this post:
Several months ago, on a particularly boring day, I had a burning passion to use Excel for something; this was the result.
A couple of notes about the graph:
This graph is not inflation-adjusted and is computed entirely from dollar values in the given year.
I had never made something like this before, so please forgive any unreadability or other problems.
Tools used were Excel (data and graph) and MS Paint (most text and colors). Sources are two articles from The Balance (1 2) and this Polidioitic article. I am willing to share the Excel spreadsheet itself on request.
Looking at debt as a number is simply wrong. Debt is not the amount of money you owe, but the amount of money you own in relation to how much money you can actually pay. A better graph would be this. This shows that while the debt now is definitely worse than it should be, and is currently growing, it doesn't seem to grow at an exponential curve because it isn't. The debt was worse during certain periods such as World War 2, and it is not too high to be unfixable. I am not saying that the current debt is not bad, it is, I'm just saying that graphs like these blow it out of proportion.
OP, great job, love the black/red/orange, shows how good things were during the DotCom era.
One thing that's missing here is what they did in the 90's to make things look better than they actually were. Has to do with social security.
One other note is unfunded mandates, city, country and state debts and personal debts. Add up ALL the debt and see where we stand then.
Very scary. And the only people who talk about it is the Republicans when they aren’t in power, and no one actually does anything about it. History shows that this ends bad.
This was the biggest travesty in the world when Obama was president, now you barely hear a word about it.
I wonder why...
A couple months ago I heard that the president is required by law to spend what Congress tells him to. And can only raise taxes is approved by Congress. Can anyone condom if this is true? Seems a bit unfair to have the president's party a "factor"
I always dislike how graphs like this which don't explain why the metrics are what they are.
- Why GDP? There are so many issues with GDP. It's a very very rough approximation.
- Why not account for inflation? Maybe the actual value is linear, but since the underlying units are exponential, it makes the graph look more extreme.
- Why debt, not deficit?
Everyone keeps showing their version of these graphs. No one ever seems to justify why their graph is more important than other graphs.