PrintDecember 2, 2009
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.
