Posts Tagged ‘politics’

The Bulge We Should Be Worried About

June 9, 2011

All the talk about the bulge in Rep. Anthony Weiner’s pants is distracting from the real bulge we should be worried about — our bulging national debt.

Without action, our debt will hit unprecedented heights. Under realistic assumptions, public debt is projected to reach over 120% of GDP by 2030 and over 180% by 2040. The graph below is the bulge shot that should be freaking people out.

Bipartisan talks led by Vice President Biden and the bipartisan Gang of Six senators are trying to find solutions. Let’s hope they succeed.

Source: Committee for a Responsible Federal Budget http://crfb.org/document/averting-fiscal-crisis

Advertisements