Graph of the Day for December 2, 2009

"As interest payments eat into the budget, something has to give-and that something is nearly always defense expenditure...  This is how empires decline. It begins with a debt explosion. It ends with an inexorable reduction in the resources available for the Army, Navy, and Air Force."  Niall Ferguson in Newsweek

Source:  The Congressional Budget Office


Hoven's Index for December 2, 2009


Amount of defense cuts proposed by President Obama:  10%. 

Proposed by Rep. Barney Frank:  25%. 

Proposed by the Communist Party USA:  50%. 

Proposed by George McGovern:  50%. 


Graph of the Day Archive.  

"As interest payments eat into the budget, something has to give-and that something is nearly always defense expenditure...  This is how empires decline. It begins with a debt explosion. It ends with an inexorable reduction in the resources available for the Army, Navy, and Air Force."  Niall Ferguson in Newsweek

Source:  The Congressional Budget Office


Hoven's Index for December 2, 2009


Amount of defense cuts proposed by President Obama:  10%. 

Proposed by Rep. Barney Frank:  25%. 

Proposed by the Communist Party USA:  50%. 

Proposed by George McGovern:  50%. 


Graph of the Day Archive.  

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