Where Does the Money Go?

Sometimes a visual representation does it better than a pile of numbers on paper. Check out this poster which visually represents the federal budget. Notably, even this visual representation of the complex and ever-growing federal budget, now $1.5 trillion, is an enlightening and interesting look at just how Uncle Sam spends all those tax dollars we give them.

Whatever else may be said about the budget, there is no doubt that it is too big. The Congressional Budget Office estimates that over the next decade, the national debt would increase more than $12 trillion if Obama gets his way. By the end of 2020, the total debt would be more than $20 trillion, or 90 percent of the country’s GDP. Indeed, in that year alone, just the interest payment to service the debt would cost taxpayers $925 billion.

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