Today, 43 cents of every dollar spent is borrowed; this amount is about 4 times the rate in 1980. Between 2007 and 2011 alone, the rate has increased 38 cents per dollar. At this pace, the historical trend of deficit spending continues at a distressing rate.
Hat tip Insty. More at Memeorandum. What, you thought I was serious about what I said about Memeorandum in my last post?
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