Saturday, May 15, 2010

A scary pair of charts



I won't insult the intelligence of the three people who read my posts by belaboring the obvious, but suffice to say that the I'm every bit as worried as before, and even more so (not just over these charts, but over the continuing lack of contrary indicators anywhere -- I WANT to be cheered up and shown that I shouldn't be terrified of our economic position, and it just ain't happening).

4 comments:

Anonymous said...

Good morning.
So Plot #1 makes sense, but define "govt. handouts" in plot #2. Tax refunds, social security, medicare, etc. - what exactly defines a "handout" here, and also, where are they getting their numbers?

Certainly some groups who are hit hardest during a recession (poor) rely a huge amount on govt. handouts to make ends meet, but other groups during the recession which will see a reduction in take-home pay won't see those govt. benefits at all, nor will such benefits account much for their actual income.

More and more I need to see the raw data of these plots before I believe what they're saying. If the data is across all income levels but I would have a hard time believing that the contribution to the average US income is this high. Or - maybe they're saying that if you look at tax income vs. tax spending (how much govt. spending contributes to the gross US economy) then 17.5% of the total wages in the US are directly attributable to govt. spending. Certainly one could argue that 100% of a soldier/govt. employee income is a "govt. handout", but again, some definition is needed here.

Madeleine said...

So, it's bad when the squiggly line goes down.... huh. Do the people in Washington know that?

JimDesu said...

:D

Unknown said...

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