How It Took 35 Years to Wreck the U.S. Economy

MEDIA CLIPPING

The Fiscal Times

How It Took 35 Years to Wreck the U.S. Economy

Veronique de Rugy | Sep 14, 2012

This excerpt originally appeared in The Fiscal Times on September 14, 2012.

The chart below put together by my frequent collaborator Veronique de Rugy is, simply put, terrifying. It shows the growth in inflation-adjusted federal outlays per capita. So what you're looking at is a trend line that accounts for population growth and inflation.