Monday, February 25, 2013

Fiscal Cliff What Now?

Generally I focus on personal finance on this site - that is, the type of money discussions that happen in kitchens and over bank statements, not the kind that cover policy or government spending or that sort of thing. But when I saw this infographic, I couldn't help but share it. Take a look at the US's debt load compared to other countries - but most importantly, take a look at our nation's budget deficit. I mean, how can we ever hope to dig ourselves out if we keep spending more than we're bringing in???


(via http://www.ironfx.com)

I have no answer to this troubling image, but it's worth thinking more deeply about.

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