Graphs Are Cool – Where Did the Deficit Come from?

For all those right-wing parrots who keep repeating the same tired mantra that it was spending which caused the current deficit problem, please take heed of this graph:

Read analysis of it on Tax Research Uk where this brilliant, if simple, graph is remorselessly stolen from.

For those who are too lazy to click the link; the deficit is the result of a fall in revenues, not rise in spending.

Cheers

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About iwastoldtheredbegin

Politics of the Left Wing and Liberal variety, plus gin!
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2 Responses to Graphs Are Cool – Where Did the Deficit Come from?

  1. Pingback: Best of the Blog – 2012 A Roundup | iwastoldtheredbegin

  2. Pingback: Welfare And The Market | iwastoldtheredbegin

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