Wednesday, March 24, 2010

Visualizing the National Debt

The true burden of government is the spending level.
         ~ Milton Friedman

Click on the image to enlarge. This data is as of July 2009. The situation has only gotten worse. This graphic does not include the 100 trillion dollars plus in unfunded liabilities. No wonder the gold bugs are going wild. It's almost impossible to turn on the TV or radio without hearing a sales pitch for the yellow metal.

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3 comments:

  1. Robert WasilewskiMarch 25, 2010 at 6:40 AM

    But wasn't it just yesterday that we saw surpluses as far as the eye could see and our "maestro" Fed Chairman was worrying about eliminating the national debt?
    Was that all a dream?

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  2. The GrouchMarch 25, 2010 at 9:18 AM

    I'm still waiting for that peace dividend from the cold war ending. Don't think there's any danger of the National debt being eliminated in our lifetime. I doubt the politicians could ever restrain their spending impulses to get to the point the national debt is eliminated. A balanced budget doesn't even appear to be in sight anymore.

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  3. AnonymousMarch 26, 2010 at 4:28 PM

    Balanced budget, nevermind that what is that?

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