June 29, 2010
Graph of the Day for June 29, 2010
"We are now, I fear, in the early stages of a third depression... And this third depression will be primarily a failure of policy. Around the world - most recently at last weekend's deeply discouraging G-20 meeting - governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending." Paul Krugman, The New York Times.
Source: The Heritage Foundation.
Hoven's Index for June 29, 2010
Change in federal government spending since 2007 (4Q07 to 1Q10): +24%
Change in federal revenues since 2007: -14%
Graph of the Day Archive.
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