Sunday, February 19, 2012

The Alfred E. Neuman Budget

From the Office of the President, the official 2013 budget Table S-15.
This chart shows the total Federal Debt projected if the budget is adopted.

















That's right. The President's budget (the one he calls "fiscally responsible") projects over $26 Trillion in debt ten years from now. And unless the economy grows at more than 5% annually for the next ten years (which has never, ever happened), that means that our debt:GDP ratio will also continue to grow. The budget doesn't say exactly who is going to lend us another$12 Trillion, but as Alfred. E. Neuman said each month from the cover of Mad Magazine, "What, me worry?"







No comments:

Post a Comment