Monday, April 27, 2009

Visual of the day - Budget deficits


This is just a good way to present some numerical time series information about our federal budget deficit. The real kicker is what happens after year 2008, which is the last year in this clip. The 2009 budget deficit quadruples, and from then on, Medicare and Social Security bloat the deficit beyond measure, as Rob had pointed out in an earlier post. If you have time, I suggest spending the 30 minutes watching the movie from which this clip is taken, the movie (free online) is called I.O.U.S.A.
UPDATE: Here is the visual of the huge deficit increases projected in the decades ahead.


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