An awe inspiring chart from Political Math about our national debt. It compares the actual 1945 and 2016 projection of national debt share by category.
Read the August 25, 2009, Political Math blog post that references the chart above, "How Big is $9 Trillion? – Willful Omissions From Paul Krugman"
It certainly is easier to cut defense spending after a major war than it is to cut domestic government entitlement programs and interest payments on our existing outstanding debt.
EconomistMom has reason to think the US debt will be $14 trillion and not $9 trillion. Read her blog post on the debt here.
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