Offering frequent news and analysis from the majestic Evergreen State and beyond, The Cascadia Advocate is the Northwest Progressive Institute's unconventional perspective on world, national, and local politics.

Wednesday, May 31, 2006

We like our debt

With no comment, here is a chart of borrowing by major sector over the past twelve years.

This is borrowing by year, not aggregate or total debt. Federal borrowing shown here is the so-called "unified" budget, meaning the operating budget after it gets done raiding Social Security. In coming days, we'll put up some other charts from the Fed's release. Then we'll comment.

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