Forever in Debt

An Unprecedented Level of Entitlement Spending That Will Become Impossible to Reverse

I took the Congressional Budget Office’s chart showing their estimate of the deficit from Obama’s proposed budget, and I placed it alongside our country’s entire history of deficits by year, beginning in the year 1780.

History of US Federal Deficit from the years 1780 to 2019 (projected)

History of US Federal Deficit from the years 1780 to 2019 (projected). Click image to View Full Size. Right-click, "Save Image As" to save the image.

Yes, I know, one needs to look at the deficit as a % of GDP and all that good stuff to grasp the full growth picture…blah blah blah….   But given that SOOOOOOO much of the budget is on entitlement programs – many of them new – which will not produce any rate of return, I wanted to see how the deficit alone stacked up with that of all of US history.  Compared against the birth of our country, the 1812 War, the Cold War and Vietnam War periods, and even the Great Depression, it’s amazing how GINORMOUS Obama’s deficit is.  Even to the average layperson, this chart makes the spending concern painfully and undeniably obvious.  Anyone who says this won’t raise our taxes is out of their mind. Even Roosevelt tried to tax some folks at 100% during the Great Depression to pay for his Socialist establishment, until Congress thankfully slowed his roll (yeah, Congress – who woulda thunk it??).  And that was just a blip compared to this whopper of a debt.

Take THIS one to your Tea Parties, folks!

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Filed under Bailouts, Budget, Congress Alert, Constitution, Economy, Government Size, Green Agenda, Inside the White House, Left Wing Alert, Libertarian, Media Bias, national security, obama, Presidential Budget, Socialism, stimulus, tea parties, The 912 Project, the912Project, Uncategorized

2 responses to “Forever in Debt

  1. Obama has thrown our nation over an economic cliff and his intents are even more sinister, I believe. Good posts.

  2. Ann

    Is this including Cap and Trade and healthcare as proposed?? If not, it would be interesting to see. Why does it go up after this year?? (sorry, public school math student–)

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