This Post Will Help You Predict the Future of Our Economy

Have you ever seen a funny photo that was captured just before a "something bad" happens? The tag-line is usually something like … This isn't going to end well.

Well, after the news came out about President Obama seeking a $3.8 Trillion budget.  I remembered seeing this chart; and it isn't so funny.

Federal Spending Is Growing Faster Than Federal Revenue.

Since 1965, federal tax revenues and spending have soared. Revenues have increased by more than $1.5 trillion, and spending is up by $3.3 trillion. In 2009, federal revenue will drop, while federal spending is expected to increase by nearly $1 trillion.

100207 Federal Spending Exceeds Revenue

To give you some context for this issue, here is an interactive U.S. Debt Clock.

100207 Click to see US Debt Clock

Click the picture and you'll see a version that updates in real-time.

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