This time it’s different—and worse

Double click to view

Click on Anatomy of a soft economy for the original version of the chart in Fortune magazine.

Click to view

Click on American Idiots: How Washington is destroying the U.S. economy for the article by Alan Sloan, Fortune magazine’s senior editor-in-chief, that went with the second chart.

I have to say that I like the charts a lot more than I do Sloan’s article.   He thinks that the economic crisis is primarily a result of federal budget problems, and that it can be fixed by tinkering with the tax code and chipping at Social Security and Medicare.  As the chart itself shows, the problems are much more fundamental than that.

Hat tip to The Big Picture.

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