November 26, 2011

Who's responsible for out-of-control federal spending?

Look at the federal debt as a percentage of Gross Domestic Product since 1948, and you tell me. The massive increase that began in 2007 coincided with a certain change in Washington, and we're still riding that rocket to disaster.

Click on the chart to see it at full size.

Federal debt to GDP, 1948-2012

In case you're wondering, "Gross Domestic Product" is basically the sum of all economic activity in the United States per year.

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Click on the banner and ponder what you find. You might be surprised.... Read More

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