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Monday, February 21, 2011

Worst Budget Chart Ever Competition

I'm investigating Paul Krugman's chart (above).

I can tell you right now that he did not include VA costs, which are important not because veterans are the first place to go looking for savings, but to capture the 'long-tail' cost of military obligations.

Also, it is best to use the on-budget figure for total outlays. (It's the only way to get to a consistent application of trust fund accounting inside the budget concepts - although it is never clear to me how "off budget" receipts and interest are presented).