Compares outright capital costs on the right to contingent guarantees on the left - the capital element of the bailout is $700 billion so far, not the $4 trillion and change quoted at the link. And that capital is secured against investments which will, however crappy, have some net value. (Come to think of it, the S&L crisis involved a lot of contingent guarantees, iirc including a major expansion of FDIC coverage; have those been added, or is that element of the pie chart the net outlay some time after the end of the crisis? No idea, source doesn't say).
Also it's ignoring the great big fucking elephant of deficit spending, WWII; the US budget deficit peaked in 1943 at 30% of GDP. That would be about $4 trillion today, for a single year. I wonder why they left it out?
I really want to see what deflator they're using, it'll make an enormous difference over time.
But other than my intolerance of under-annotated and uninformative images, these are dandy!
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Also it's ignoring the great big fucking elephant of deficit spending, WWII; the US budget deficit peaked in 1943 at 30% of GDP. That would be about $4 trillion today, for a single year. I wonder why they left it out?
I really want to see what deflator they're using, it'll make an enormous difference over time.
But other than my intolerance of under-annotated and uninformative images, these are dandy!