Tuesday, October 16, 2012

SCARY INFOGRAPHICS: The 18.5% Solution

If we don't get it all down below that 18.5% of GDP line in the relatively near future our future generations are doomed to zombie statism a la Greece and worse! 

These facts and more are available in a new Heritage report: “Federal Spending by the Numbers 2012.

In 20 powerful graphics and four detailed tables, “Federal Spending by the Numbers 2012” analyzes government spending trends in the past and future. Heritage experts explain where the federal government spends the most, which areas of the budget have grown the fastest, and when the entitlements and net interest begin to overwhelm all other federal spending. Specific examples of government waste are featured at the end.

By 2025, the major entitlements and net interest will grow to 18.5 percent of gross domestic product (GDP), devouring all tax revenue at the historical average level.

See more charts here …