National Debt vs GDP - No More Excuses
We can pop charts up until the ink runs out, guys, but I believe this unbiased report explains the
real concern with the rising National Debt. Coincidently, the country has been in far worse shape with the ND ... that in the 1940's when the debt was 124% of GDP. There's one thing that makes sense, however, we have to quit continuing to dig the hole to the point where we no longer can get out of it. And, although both parties are guilty of the existing ND, its quite obvious where it really started and accelerated it. That means adjustments to spending AND taxes. As far as I'm concerned, Reagan's Supply Side Economics started this, and has created a major divide between the "haves & have nots".
I'll let this unbiased Washington Post report speak for the National Debt concern, and its got all the "pretty graphs" to make it easy, even for a 5th grader to comprehend:
http://www.washingtonpost.com/blogs...hind-obama-and-the-national-debt-in-7-charts/