Climbing a Mountain of Spending


Thursday October 24th, 2013   •   Posted by Craig Eyermann at 6:43am PST   •  

First, let’s take a look at how the United States’ total public debt outstanding has changed since January 2, 2008:

us-total-public-debt-outstanding-2008-01-02-thru-2013-10-23

Now, let’s look at the biggest reasons behind how it got there, courtesy of the International Monetary Fund:

IMF-Policy-Paper-September-2013-Figure-12

If anyone asks why the national debt has grown so much, just tell them that the U.S. politicians climbed a mountain of spending to get there.




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