This graph provides an effective illustration of the severity of our indebtedness as a nation, and particularly the important roles played by Medicare, Medicaid and Social Security (Source: John F. Cogan, Hoover Institution):
This graph provides an effective illustration of the severity of our indebtedness as a nation, and particularly the important roles played by Medicare, Medicaid and Social Security (Source: John F. Cogan, Hoover Institution):
Great graph on federal budget outlays, 1795-2065. I have been trying to find the source. Any hints?(I searched under “John Cogan” with no luck.)
See http://www.stanford.edu/class/econ21si/Cogan%20Handouts.pdf, which references a 2005 publication by Professor Cogan (see the bottom right side of the graph from the above referenced PDF file.