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

Daniel Doherty

12/13/2012 2:40:00 PM - Daniel Doherty

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:

Photobucket

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 “the rich” so reprehensible. The revenue generated from such a proposal -- as the graph above demonstrates -- will do virtually nothing to reduce the deficit, let alone balance the budget, and would only fund the government for about eight days. Put simply, the day of reckoning is nearly upon us (despite the actions of a certain leader which might suggest otherwise) and every freedom-loving American should be concerned.