The graph below is is one of the first in his discussion of trends in federal spending.
Click on the slide to view the entire brief. Shows the growth of mandatory spending compared to discretionary spending such as defense
As you go through the brief, keep in mind
- We are paying compounded interest on our growing debt
- We are a rich nation today because nations around the world believe that we are a good economic risk, and spend lots of money in the U.S.
- The U.S. economy would be in grave danger if the markets were to flee the U.S. dollar because we were no longer a safe investment
Mr Walker presented a compelling argument for fiscal reform and restraint, I encourage everyone to check out his briefings posted on the GAO site and watch as he transitions into the private sector.
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