Monday, August 23, 2010

US Government Debt: Going Up?

Image Source

What is responsible for the disastrous buildup of US government debt? In a word, corruption. Everyone wants a piece of the wealth. But these criminals are stealing from unborn generations, as you can clearly see from the graphic above.

There will be a huge price to be paid for the foolish whimsy of American voters in 2006 and 2008. Elections have consequences.

Notice how the defense budget has been going down.
So what has been driving up the deficit and the debt? Fixed entitlements, plus financial bailouts to special interests, piled on top of more financial bailouts to special interests.

If you think the end of this story will be fine and happy, you may want to take up skydiving without a parachute, or deep sea diving using cyanide gas breathing apparatus.

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