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US Spending: Has Anyone Noticed Where the Money is Going?

27 Jul

This interesting chart from ritholtz.com web site shows what no one seems to want to talk about: the military spending is off the charts compared to everything else – but no one seems to talk about that…

How many nation states of history were destroyed by profligate overseas military spending? Oh. Wasn’t that.. ALL of them???

US Spending Chart

Oh, heck, but those are just historical facts… nothing to worry about. This time it’s different, right? Just like the housing market boom… sure. right!

And check out that interest on debt number… surely that number is bound to be rising as the short-falls continue to add debt to the balance sheet owed each quarter…

 

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