The Real Dysfunction: A $17 Trillion National Debt

 

National Debt

 

” Once again the media are full of talk about dysfunction and default, as the partial government shutdown threatens to linger until the federal government hits the limit of its borrowing capacity, possibly on Oct. 17. The parties in Congress are still far apart on passing a budget bill to keep the government running, and Republicans are also promising not to raise the debt ceiling without some spending reforms.

Back in that summer of discontent I talked to a journalist who was very concerned about the “dysfunction” in Washington. So am I. But I told her then what’s still true today: that the real problem is not the dysfunctional process that’s getting all the headlines, but the dysfunctional substance of governance. Congress and the president will work out the debt ceiling issue, if not by October 17 then a few days later. The real dysfunction is a federal budget that doubled in 10 years, unprecedented deficits as far as the eye can see, and a national debt bursting through its statutory limit of $16.699 trillion and heading toward 100 percent of GDP.”

 

 

IT’S THE SPENDING , STUPID ! SPENDING HAS DOUBLED IN ONE DECADE ! 

 

 

” And where did all this debt come from? As the Tea Partiers know, it came from the rapid increase in federal spending over the past decade: “

 

 

Federal Spending 2000-2011

 

 

    As the above graphs make plain , we are governed by a bi-partisan group of wastrels . There is no significant difference between the two parties when it comes to spending other than the rhetoric . 

 

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