The Future of US Government Debt

Play

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.

Debt to GDP Forecast Chart. Federal Debt Held by the Public - 1940 to 2080

Graph Source: http://www.gao.gov/financial/citizensguide2008.pdf

http://en.wikipedia.org/wiki/United_States_federal_budget

  • It is the energy of the sun and shows enthusiasm
    for life. The Industrial Revolution was another of those extraordinary jumps forward in the story of civilization. Click Here to learn how to check your husband’s text
    messages with this new software.

CONTACT US

Send me an email and I'll get back to you, asap.

Sending

©2017 Mike P. Sinn

Log in with your credentials

or    

Forgot your details?

Create Account