Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Thursday, June 11, 2009
Who is to Blame for the Deficit?
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My thoughts: Will either of the above explanations matter? Or will the American people look at the much simpler graph below and assign blame based on the occupant of the White House when the largest budget deficit ever (in dollars) becomes reality? Or will it not be an in 2012 when we will have grown accustomed to trillion dollar deficits?
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budget deficit
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