Kevin Drum attempts a deceptive graph

He says, look, since 2001 the deficit has only gotten slightly worse as a percentage of the budget My graph show the whole sequence.








The last peak was 1999 and since then the deficits have shifted a total of 6 percent of GDP, from plus 2 to about minus 4 .

And as the debt in total got worse as the volatility has jumped to about 3% of GDP.

Finally note that deficits get worse when we do not pay for the crap we buy from government.  We still do not intend to pay for any of that crap.  Taxes are out of the question, it is not happening, not for the middle class nor for the wealthy. The obligations are too high for anyone group and they have all refused. We are in debt repudiation phase.

Drum and Dean Baker are on a push to increase debt. Few of us take them seriously. We have seen the federal government fail to pay the 3.2% ten year rate from about a year ago and we have been contracting ever since. Look at real growth, there is a reason is is dropping, government cannot afford any higher interest charges.