If you’re a member of Gen X and Gen Y, this is probably the scariest chart you will see in 2011, and possibly, right up to the time you’re old and gray.
As you can clearly see, the crony capitalism, fake prosperity, recycled Keynesianism memes et al., have been a great benefit to the U.S. economy… right up until we reach the tipping point and it’s time to pay it back.
Let’s hope those folks who started this race to economic ruin in the 1980s (for the sake of winning elections) will
get voted out of office see the light and do the right thing: force those who ran up the national debt pay it back (e.g. higher taxes, eliminate tax deductions for all income levels, cut spending, etc.) versus making their children pay for it years from now.
Image Source & Credit
The Market Ticker