The Ceiling's Leaking

I don't mean to beat the dead horse, but it's better to see it graphically:

One should draw the conclusion to never, ever, ever listen to a politician when he/she talks about the other party spending at "unsustainable levels." It's hubris at best and hypocrisy at worst. I say this because the Republicans were responsible for the first 8 years of craziness and the democratic executive and legislative has, in only half a year, made all that look like frugality.

I am of course not saying that government debt doesn't distort interest rates and private investment; it does. Because I tend to agree that all government spending is consumption because of its compulsive nature, an increase in the national debt (different from above) makes the citizenry worse off. The 2008 gross federal debt was 9.99 trillion dollars, and it is estimated in 2014 to exceed 18.3 trillion dollars. That's an 85% increase; will we be even .0085% better off? I will be, because I have plenty to write about over the next few decades. But you won't be.

It's funny, we have a debt ceiling in this country, and it was raised to $12.104 trillion by the American Recovery and Reinvestment Act of 2009. Have you ever made an expenditure that automatically increased your budget? Nor have I!