seconds: Million 0.0328 years; Billion 31.7 years; Trillion 31,710 years


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Tuesday, June 21, 2011

Unsustainable levels: As the chart goes up the bottom is going to fall out!

No way out? God could save us but will this people turn to him; a people that would vote in a Clinton, an Obama, and almost a Gore…it doesn’t look good!

National Debt Set to Skyrocket

In the past, wars and the Great Depression contributed to rapid but temporary increases in the national debt. Over the next few decades, runaway spending on Medicare, Medicaid, and Social Security will drive the debt to unsustainable levels.

PERCENTAGE OF GDP

National Debt Set to Skyrocket

Source: Heritage Foundation calculations based on data from the U.S. Department of the Treasury, Institute for the Measurement of Worth, Congressional Budget Office, and White House Office of Management and Budget.

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