Thornton, Matthew. “A Guide to the Federal Debt Crisis.” The Paper Trail, 6 May 2016, http://www.thepapertrailnews.com/frontpage/dumb-and-dumber-economics-a-middle-school-guide-to-the-federal-debt-crisis/.
Graph:
Summary/My Interpretation: When looking at the graph, it is evident that the debt as a percent of GDP has been increasing since the Reagan administration. However, the amount this value has increased has looked different under different administrations. In fact, the debt has tended to increase exponentially under republican presidents and has steadied out under democrats.
How I Plan To Use This In My Project: One of the main goals of my project is to be able to provide an accurate historical overview of the national debt and explain how it got so bad. To do this, I want to look at how the figure evolved under different administrations and what policies were implemented that caused this. Overall, I want to use this graph to demonstrate the tendency of the debt to rise more under Republican presidents.
Leave a Reply