President Obama's Plan: Taxes, Spending And Debt

Status of President Obama's Promises and Forecasts...

Federal Spending Grew Nearly 12 Times Faster than Median Income...

PERCENT CHANGE IN INFLATION-ADJUSTED DOLLARS (2012)

What if Families Handled Finances Like the Federal Government Does?

INFLATION-ADJUSTED DOLLARS (2012)

Sources: Congressional Budget Office and U.S. Census Bureau.

In 2010, median family income was $51,360. If a typical family followed the federal government's lead, it would spend $73,319 and put 30 cents of every dollar spent on a credit card. 

This family would have racked up $325,781 in credit card debt—like a mortgage, only without the house. 

What credit card company would continue lending money to this family?

Social Security Deficits are Permanent & Soaring...

BILLIONS OF DOLLARS (2011)

Dependence On Government Has Never Been Higher

The Great American Exploding Debt Supernova...

The Beginning of The End for The USA?: Government Debt Soars to Over 100% of GDP...

It's The Spending, Not The Taxation...

Cartoon of The Day: Who Are Les Miserables? Our Children and Grandchildren...

Why Government Spending Is Way Out of Control...

Our government's projected budget deficit for fiscal year 2012 is $1.00 trillion.

For every $1 of expected tax revenue, our government is anticipating spending $1.37.

Source: Treasury Department

 

Quote of The Day | America's Precarious Debt Debacle | Quote #1

 "During fiscal year 2011, the U.S. government spent 3.7 trillion dollars, but it only brought in 2.4 trillion dollars."

Government Debt Soars After The U.S. Abandons The Gold Standard