Infographic - US National Debt
whitehouse.gov
whitehouse.gov
I'd rather deal with analyses on their merits, rather than based on arbitrarily decided notions of impartiality. This isn't baseball. There may nominally be two sides to the debt ceiling debacle, but it's not a game. Let's look at what is being said, rather than disqualifying based on who's said it.
I'm not sure the average joe would put time into figuring out what this is supposed to be telling them.
Americans, do you think this is good and I'm just out to lunch? I'm happy to be wrong on this, I'm just looking for input.
I will admit, even as someone who supports Obama, and finds the GOP misrepresentation of the debt ceiling debate (and history in general) completely unconscionable, the primary purpose for this graphic is a political one.
How can you tell? The primary foci are the red and blue blocks. I.E. who's responsible for what portion of the debt.
The rest of the graphic is extraneous detail.
There are a pile of more interesting graphics, some of which you can find here: http://www.businessinsider.com/republican-budget-hypocrisy-2... and http://flowingdata.com/2011/07/26/how-the-deficit-got-so-big...
[1] http://www.whitehouse.gov/omb/budget/Historicals
[2] http://www.whitehouse.gov/sites/default/files/omb/budget/fy2...
I'm curious how the public will receive this.
[1] http://www.washingtonpost.com/blogs/ezra-klein/post/obamas-a...
BTW, there are a lot of great graphs about this subject out there -- and they're useful, too. Aside from the political spin, I can hardly decipher this graph, much less use it to explore the targeted subject.
The underlying logical and political problem here is that the things being compared are not related to each other. That is, the entire purpose of having elections and having both a legislature to create a yearly budget and an executive to enact it is to control and adjust the application of previous policies. To argue otherwise would be to assert either the system itself is broken beyond repair, and/or the current people elected are incompetent -- neither of which I can see the Whitehouse doing.
Something tells me the White House are making good use of Professor Tufte.
Is there any benefit to dropping the time axis without providing an alternative?
http://research.stlouisfed.org/fred2/graph/?g=1gU
Here is the rate of change.
http://research.stlouisfed.org/fred2/graph/?g=1gV
Normalizing for time (though not the military), both administration's debts do not seem equal at all.
It’s quite reasonable, I think, for the Obama administration to refuse to be held responsible for such parts of the deficit largely out of their control.
I'm pretty sure a very large part of the military spending was because of the war in Iraq, which had nothing at all to do with 9/11.
Both are black swan events. The real damage is done by things like tax cuts, structural spending increases, and social security, as they are much more structural.
The Obama administration have just presented a very clear picture of what the components of the debt are.
Obama policies have been directed at contingencies and emergencies, not wars of choice and vast pay-offs to political benefactors. I'll grant Bush TARP.
On a per-year basis (giving Obama 1.5 years and Bush 8), the per year deficit is worse under Obama's policies, but the discretionary element is less. Bush got us into this mess, Obama's trying like hell to get us out (and last time I checked, the other team wasn't exactly cooperating enthusiastically).
We've also got the structural and internal (SSI) components of debt clearly spelled out.
Again: this is far better than I've seen from many other sources.
There's no time axis as this isn't particularly a time-based graph, it's a statement of current accounts, and an accounting of where those components came from.
The graph pretends to be a time-based graph, though, by highlighting the differences between the Bush and Obama administrations. It's not like it would take any more work or space to lay the information out horizontally. I'm sure I've seen it done before, but this is the closest I can find: http://en.wikipedia.org/wiki/File:US_Federal_Debt_as_Percent...
I note that the deficit peaked in 2010, so it's starting to come down.