Some of you who have seen the new National Debt Thermometer might be curious about the history of our debt burden. That's the reason I assembled the graphic below. (The Thermometer is a snapshot in time; the History chart is more like a movie.)
As with the Thermometer chart, the focus is on facts. Over time, I'll post my interpretations of those facts. For now, just examine the chart and tuck away any facts that might come in handy for future discussions about deficits or the National Debt. And please don't miss the most important fact on the History chart—the moral, which is this: Economic growth reduces the debt burden. That's a fact, not an opinion.