From Powerline blog today:
Federal spending has gone insane, bursting all historical bounds, since the Democrats took control of Congress in January 2007. Our friend and technical adviser Joe Malchow forwarded a link to the site Political Calculations, which posed this question:
If you were asked to produce a single chart illustrating the biggest single political issue in America today, what would it look like?
And produced this chart, which plots total federal spending against median household income from 1967 to the present. Note how the essentially linear relationship that prevailed throughout almost all of that period started to change around 2000 and has gone completely haywire since 2007.
Here’s the graph:
Democrats took over Congress in 2007. Income went down and spending has soared. Thus you see an almost vertical line on the graph that even tilts to the left with the 2009 endpoint.
In math, the type of vertical line slope you see from 2007 through 2009 is called “undefined”. In this case I beg to differ….It defines quite a bit. Ace of Spades defines it for us in a nutshell:
You can see that from the late 60’s up until 2000 federal spending was pretty much a straight line relative to the median household income. Then jumps to a new higher growth rate around 2002 (most likely due to 9/11). But look at what happened in 2007 when the Democrats took over the House.
Not only did federal spending shoot up but median income actually fell. This isn’t just new unsustainable growth – this is an effin death spiral where spending has become completely decoupled from people’s incomes. This is the kind of graph you see in engineering when a system is heading into failure. A few more years of this and we will be in Greek bankruptcy territory.
So if you’re looking for a single chart that crystallizes the current greatest danger to the US and why the Tea Party has appeared, this is it.
Powerline points out:
The obviously unsustainable explosion in federal spending that the Democratic Congress has embarked upon since 2007 is the central issue of our time. Among other things, it is the genesis of the Tea Party movement. That which can’t continue, won’t; the only question is whether sane hands will take over the tiller and restore some sort of balance, or the federal government will crash in a fiscal disaster.
Make sure you share this graph with your blinded friends who believe that the Democrats in power are “changing” things for the better. THEY MOST CERTAINLY ARE NOT. They are continuing to lead us into fiscal ruin.
And for you Republican leaders….we had better see some action on cutting spending from you if the party is successful in winning one or both houses of Congress!
Filed under: Barack HUSSEIN Obama, Chicago corruption, Collectivism, Daily Headlines, Economic Stimulus, Economy, Entitlements, History, Liberalism, Nutroots, Obama corruption, Politics, Progressives Ain't, Socialism, Socialized Healthcare, Taxes, Tea Party, Welfare | Tagged: bankruptcy, Barack Obama, Democrats, Greece, household income, Pelosi, Reid, spending, straight vertical line, undefined slope |