This Is It

You might have seen the chart of actual unemployment vs what Obama predicted with the "stimulus" boondoggle. It turns out you ain't seen nuttin':

Ace of Spades HQ: "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.

Ho-ly crap!

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."