NATIONAL DEBT CHART FROM HELL: It’s The Spending, Stupid!

CHART: Interest On National Debt Vs. Defense Spending

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Washington’s Spending Insanity Must Be Stopped

We’re borrowing money to pay interest on money we’ve already borrowed.

In a decade, federal spending to pay for the interest on America’s debt will exceed total spending on the defense budget by $125 billion, or 20 percent, according to CBO.

http://dailybail.com/home/national-debt-chart-from-hell.html

A fiscal cliff drop in the bucket.

CHART – CBO Projection Of Federal Spending 2002 – 2022.

Just a quick chart to demonstrate that the fiscal cliff deal on taxes means essentially nothingin the grand scheme of future federal spending.  Chart is from the following story:

Jobs Report – U6 Rate Holds at 14.4%, Actual Employment Falls to 58.6%

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UPDATE - Blink! U.S. Debt Just Grew by $11 Trillion

http://usdebtclock.org/

http://dailybail.com/home/chart-its-the-spending-stupid.html

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