Jun. 21st, 2006

cryowizard: (Default)
http://www.brillig.com/debt_clock/

Check out the inflation-adjusted graph of US National Debt in the second half of the 20th century! (source)



Look how flat it was between the end of WWII to about 1980! And that was through Korean War and Vietnam!!

What the fuck happened after 1983?? The debt has been skyrocketing since then. In 2006 US Government raised the National Debt Ceiling to 9T. When they fuck that up, they will raise it to 10T and will continue going until we owe the entire country to someone else.

You can also see that famed budget surpluses under Clinton barely made a dent, and even they happened only because the now sadly defunct bubble provided more revenue than the government could spend.

NO matter the president -- Reagan, Bush I, Clinton, Bush II -- same shit, over and over: the debt keeps climbing and climbing. Each one of us owes over 28K now.

When will the insanity stop? Fuck, who am I kidding.

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cryowizard

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