Although the US mainstream media are blasting the Tea Partiers for the latest American fiscal crisis, there is lots and lots of blame to go around.
The Tea Partiers do deserve a chunk of the blame, but the US has a much bigger problem beyond them.
They have a massive spending problem (which is really what the Tea Partiers are railing against).
And to demonstrate that, this graph shows US Federal spending (red line) compared to "Population + Inflation" growth (blue line). Both start with an Index = 100 in 1980.
Wow! Anybody think this is sustainable? You cannot raise taxes enough to continue to fund this.
This link US Fiscal Cliff - Some Perspective is a post from late last year outlining the US problem, but not not much has changed. In fact, their situation has only gotten worse.
And, of course, like last time, I can't resist a little editorializing.......
No comments:
Post a Comment