tag:blogger.com,1999:blog-7905515.post6439091914002914378..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: CBO ShenanigansEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7905515.post-14360329655295528392013-01-22T08:37:03.659-06:002013-01-22T08:37:03.659-06:00This chart doesn’t show a debt/GDP decline it show...<br />This chart doesn’t show a debt/GDP decline it shows a debt held by the public/GDP decline.<br /><br />Regardless of taxing and spending, when the Fed prints money out of thin air and buys up bonds the Treasury just issued (close to 100% on the long end at this point) there is less stock available for the public to buy and hold. Gross debt/GDP is going nowhere but up:<br /><br />http://media.reason.com/mc/_external/2012_10/happy-birthday-mr-president.png?h=363&w=500<br />Mercurynoreply@blogger.com