As you take a look at the following
graphic representations of the debt of our country the first question that
comes to my mind is - where is this headed? And at what warp speed?
I thought that we learned during the
last two economic meltdowns that too much debt is ALWAYS a bad thing for
everyone involved. Yet, our fearless leaders continue to take us down the path
of more debt (or maybe it's just the course of least resistance - it's very
hard to draw the line and say NO!) a band aid here and an increase in the debt
ceiling there but never, ever cut spending. But at some point the party ends
and not very many people go home with party favors worth having…
US Total Federal Debt - talk about a
fiscal cliff in reverse this trend looks better than an F 15's takeoff
trajectory….
US Federal Debt as a % of GDP - at least we are not at Greece's level of
180% but we try harder!
No comments:
Post a Comment