HOUSE_OVERSIGHT_025237.jpg
2.63 MB
Extraction Summary
2
People
7
Organizations
3
Locations
2
Events
3
Relationships
4
Quotes
Document Information
Type:
Economic analysis document / presentation slide
File Size:
2.63 MB
Summary
This document analyzes current US economic trends regarding Federal debt and inflation, drawing comparisons to the post-WWII era of the 1950s. It argues that historical debt reduction was driven by economic growth rather than austerity and warns of potential unforeseen consequences of current policies using a metaphor from "The Day of the Triffids."
Organizations (7)
| Name | Type | Context |
|---|---|---|
| Treasury | ||
| CBO | ||
| Bloomberg | ||
| Federal Reserve Board | ||
| Bureau of Labor Statistics | ||
| OMB | ||
| BEA |
Timeline (2 events)
WWII
1950's
Relationships (3)
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Key Quotes (4)
"Aren’t these charts amazing?"Source
HOUSE_OVERSIGHT_025237.jpg
Quote #1
"So how did US debt/GDP fall from 80% to 46% in just ten years?"Source
HOUSE_OVERSIGHT_025237.jpg
Quote #2
"some amazing events which look benign have unforeseen consequences"Source
HOUSE_OVERSIGHT_025237.jpg
Quote #3
"1950's debt reduction was based on growth, not austerity"Source
HOUSE_OVERSIGHT_025237.jpg
Quote #4
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