Amazing Debt Chart

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Davos's picture
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Amazing Debt Chart

cipher's picture
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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
Status: Martenson Brigade Member (Offline)
Joined: Nov 12 2008
Posts: 486
Re: Amazing Debt Chart


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!


Farmer Brown's picture
Farmer Brown
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Joined: Nov 23 2008
Posts: 1503
Re: Amazing Debt Chart


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

Carl Veritas's picture
Carl Veritas
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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
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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
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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

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