The perils of extrapolation

Think of this any time you see a graph projecting anything in a straight line for more than 15 or 20 years out.

Click on To infinity and beyond! This is the debt chart Obama and Geithner should be ashamed of for another example of straight-line extrapolation.

Click on xkcd for more cartoons.

If you read the article, note that, contrary to what it says, President Obama’s debt commission did not make any recommendations.  The co-chairs of the commission made their own recommendations, but the commission itself was unable to agree.

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