Reasonably Thinking

Hussman kicks off December with a nice visual display.

http://www.hussmanfunds.com/wmc/wmc091207.htm

“…U.S. national debt will rise by $8.5 trillion over the next three years. Debt rises for a variety of reasons, including bailout costs and fiscal stimulus. But the No. 1 factor is the collapse in tax revenues that inevitably accompanies a deep recession.” (Hussman quotes Rogoff & Reinhart)

References for above:  Hussman via OMB, US Treasury; Trepp