Those defending the huge budget deficit incurred by the massive federal stimulus package often say, “These are extraordinary times. We can’t afford to worry about the national debt now. We’ll be in a better position to deal with that later.”
The falsehood of dealing with the government debt like that is best illustrated by the following chart.
Graph Source: http://www.gao.gov/financial/citizensguide2008.pdf
http://en.wikipedia.org/wiki/United_States_federal_budget
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