Posts, Links and Thoughts From A Believer In Free Markets, Individual Responsibility, American Exceptionalism, A Strict Interpretation of the Constitution, The Right To Bear Arms and The Notion That More Government Can Only Make Things Worse
Sunday, September 20, 2009
Federal Debt as a % of GDP
At what point does our federal government start borrowing just to pay the interest on our debt, much less the principal? And, how is this any different from a Ponzi scheme? Please note that this graph does NOT even take into account the $75 trillion or so in unfunded Medicare and Social Security liabilities. Pathetic.
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