Bankrupting America Team: The months-long debt ceiling debate ended abruptly and just in time as Congress reached an agreement to raise the limit and cut nearly $1 trillion in spending. But is it really fair to call those spending reductions cuts? A closer look at the numbers reveals that the agreement doesn’t actually cut spending from current levels, but merely slows the rate at which spending increases.
Check out our latest infographic below where we visualize this unfortunate reality.
Tags: data visualization, debt ceiling, debt ceiling agreement, debt limit, Government Spending, infographic, spending cuts, spending reform, unsustainable spending, Bankrupting America To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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