Sunday, August 21, 2011

Jesse's Café Américain: The US Deficit In One Picture

Jesse's Café Américain: The US Deficit In One Picture: I like this graphic for several reasons, but especially because it puts everything in proportion with regard to the US' current obligation...



Jesse:
The trust fund is not a store of wealth.
To tap the trust fund, new monies must be raised, expenses must be cut, or debt held by the public must be increased.
I'll take what's behind door 3, thank you.
The trust fund makes it no easier to pay benefits than if it did not exist.
Don Levit

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