I remind you again, that a great place to stay ahead-of-the-news on what’s coming down the pike for legislation is the CBO (www.cbo.gov). Add yourself to their e-mail list! I repeat. Add yourself to their e-mail list!
Today’s release included an Infographic on The Budget, Spending, and Debt. The graph at the bottom of the Infographic may be accurate, but it belies the truth that the Federal Government is $15 Trillion in Debt. The GDP is $15 Trillion. So, the Federal Debt is 100% of the GDP!
The Federal Debt is 100% of the GDP!
Below is a summary of the spending side of the Infographic. Click on the image to display the entire Infographic.