[andyk]

I’m a little leery of that blue section that shows higher revenues due to “Obama’s” tax increases. I think that regardless of the tax rates (even when top rates hit 90%), historically, revenues have hovered around 18% of GDP.

[TurboZamboni]

[concerned about politics]

They have the projected tax revenue staying about the same. The tax increases will reduce employment, so the green area should look more like a fiscal cliff. It should have a downward slope. No jobs means no revenue.
No jobs would increase the upward slope of government spending, because people will expect even more tax money to support them when they lose those jobs.

This graph is a good example of "positive thinking". It fails to take the inevitable consequences of a tax increase into account.

[I cannot think of a name]

“Barring major cuts to entitlement spending the country will go bankrupt.”

Damm this is getting me angry. Everyone, including conservatives, refuses to differentiate between “paid into” entitlements and “never paid a dime into” entitlements.

It IS the “never paid a dime into” entitlements that are breaking the country. Yes, the so called ‘baby boom’ generation is putting a strain on medicare and social security. But there is an important fact that is never mentioned. Everyday, some number of baby boomers turn 65 - BUT ALSO EVERY DAY SOME NUMBER OF THEM DIE. And guess what, in another decade or less the number turning 65 will be less than the number that die. And from that point on the problem shrinks and disappears.

Compare that with the welfare recipients. Every day new recipients are born. And in approximately 18 years, about 62% of those recipients will reproduce approximately 460% of themselves. This is a problem that never goes away and only grows logarithmically.

The worst part about welfare spending is that it is already greater than defense, greater than Medicare, and greater than Social Security. If you don't believe me, the link below takes you to a report that quotes exactly where it comes from, and how the left hides it.

(Do not go to this link if you are prone to excessive violence or have serious heart problems.)

http://www.heritage.org/research/commentary/2012/10/welfare-is-at-an-all-time-high

[hosepipe]

Obviously this administration is dead set to overwhelm the American System.. to bankrupt it..
It was, is, and will remain OBVIOUS.. to any that are open to logic..

Seems mostly republicans are not open to consider this..
Trying to paint the Obama minions as inefficient or stupid..
Totally neglecting the truth which is obvious and even admitted by the minions..

Looks like most republicans are really cowards.. afraid of the ONLY solution..
The only solution being REVOLT... which is a very bloody trail..

Could be what the republican party has become... “come down to”.. cowardice.. craven in the worse way...

Nasty end for such a glorious beginning... and be advised.. it is the end...

[Typical_Whitey]

That’s why I say now that it is over.. 2012 proved that The majority is now voting for benefits from the public trust and will continue to vote for politicians that offer them more and more. The media have failed the country because they refuse to tell the American people the truth about where this debt crisis is going to lead us. The only way that you will get peoples attention is to bring it all crashing down on them and then hopefully rebuild in the vision of our founders.

We have failed our posterity, I am ashamed of my generation.

[Ron C.]

Well, that graph goes well beyond the 'new world order' (one world government - and one world currency ) they hope to usher in within 3 to 4 years.

All bets are off on what that will look like, as it will include wars and much bloodshed - at the end of which I doubt the USA will still be around as we have known it.