Another $87 billion + $66 billion = economic implosion. Keynesian enconomics or not this budget fallacy is about to show it's teeth.
...and the walls came tumbling down.
Thats and interesting graph, but I disagree with your negative prediction. Actually, thats about where we are with our dept/mortgage to income ratio =3/1. Were pretty typical and pretty secure.
Also, Id like to see that graph adjusted for the cost of maintaining that dept. After all isnt that the danger, not the amount of dept but the cost?