More American Exceptionalism: Drowning the Baby in the Bathwater

The OECD has finally updated their national account data with 2011 info for most countries, so I thought I’d update this post from a couple of years ago.

If you’re thinking that the current (overblown) hoo-ra-ra about U.S. government deficits is a result of too much spending, or that U.S. taxes are insanely high and always going up, you might want to think again (click for larger):

While the U.S. number is up from its low or 24.1% in 2009, it’s still hovering at the bottom of the OECD league table.

Got tipping points?

Cross-posted at Angry Bear.