Amazing Debt Chart

7 posts / 0 new
Last post
Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Amazing Debt Chart

cipher's picture
cipher
Status: Bronze Member (Offline)
Joined: Jun 19 2009
Posts: 51
Re: Amazing Debt Chart

I guess, US is paranoid ! ..........on second thought............ they also need to "convince" people to trade with them

ckessel's picture
ckessel
Status: Martenson Brigade Member (Offline)
Joined: Nov 12 2008
Posts: 480
Re: Amazing Debt Chart

Davos,

That Health and Human Services topped  the chart was surprising to me. I would have expected the Defense Dept would have been in first place. With a new health care plan it will skyrocket to even new heights!

Currently  Medicare and I assume the Veterans Administration would be in this dept along with the Behavior Health Services and likely the drug companies that get paid to do studies to find new drugs to treat the population so they won't get too depressed over our current events. Maybe I can see why this is the largest category of deficit spending!

Coop

Farmer Brown's picture
Farmer Brown
Status: Martenson Brigade Member (Offline)
Joined: Nov 23 2008
Posts: 1503
Re: Amazing Debt Chart

Davos,

A link so I can share this on FB and annoy all my head-in-the-sand friends?

Carl Veritas's picture
Carl Veritas
Status: Gold Member (Offline)
Joined: Oct 23 2008
Posts: 294
Re: Amazing Debt Chart

 

With the national debt topping $12 trillion, the White House estimates that the government's tab for servicing the debt will top $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink dramatically.   

In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan.   (by Edmund L. Andrews, NY Times NewsService).

FDR confiscated the peoples money and exchanged them for government paper,   and look at what they've done.    Can our grandchildren ever repay this?

nyfarmer's picture
nyfarmer
Status: Member (Offline)
Joined: Oct 20 2009
Posts: 8
Re: Amazing Debt Chart

Agriculture includes food stamps--most of the direct subsidies go to large farms.  Conservation and regulatory programs are a small percentage.

docmims's picture
docmims
Status: Platinum Member (Offline)
Joined: Jun 17 2009
Posts: 644
Re: Amazing Debt Chart
Cluesaw wrote:

     Can our grandchildren ever repay this?

Dude....Bad news.  Our grandchildren aren't going to pay this -- We are!  Through inflation and a collapsed dollar

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments