Debt ceiling increases…

Veronique de Rugy excels at producing charts which make sense of economic points.  She has provided a  sterling example this week pairing the changes in the statutory debt limit since 2000  with the corresponding debt subject to the statutory limit.

I urge you to have a look,  and do follow the links.   It won’t take long,  and it’s as painless a way to learn some economics as you’ll find.   It will be particularly useful in the upcoming debate over raising the debt limit —  again.   Pass it around so your friends and family will understand the limit has not been a brake on spending as intended.