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This Graph Says it All: “Spending is the Problem”

sjk Wrote: Dec 13, 2012 7:34 PM
we're broke due to free phones, and 2 unfunded wars with borrowed money. from China.

Anyone who believes that the president’s proposed tax hikes on “the rich” will save our country from insolvency is grossly mistaken, and should begin to educate themselves by examining the graph below. Whoa:


This isn’t the least bit surprising, of course. We’ve seen this coming for a very long time. Barring major cuts to entitlement spending the country will go bankrupt. It’s not a possibility -- it’s an absolute certainty. Which is why I find all the “negotiations” surrounding raising taxes on...