2009 Federal Revenue and Spending Book of Charts

Very interesting series of charts and graphs giving a graphical picture of our current and future economic situation within the U.S. The link below is for downloading these series of charts:

Link (This download is about 10MB – large, but the charts are worth it)

Here are a couple of examples:

Federal Spending Grew

Federal Spending Increases

Mountains of Debt: America’s Economic Realities

(Good, easy-to-read overview of our current economic situation)

by Charles Wheelan, Ph.D.

Ben Franklin supposedly said that it’s better to skip supper and go to bed hungry than it is to wake up in debt. Ben would be quite disappointed in us. We Americans didn’t skip dinner; instead, we opted over the past decade to gorge at the buffet and then charge it.

We woke up as the world’s largest debtor — so deeply in debt that our global creditors are getting nervous, and rightfully so.

Here are some economic realities associated with our deepening fiscal hole. Continue reading “Mountains of Debt: America’s Economic Realities”