ETF Trends
ETF Trends

By David Haviland, Beaumont Capital Management

Regardless of your political views, Washington is spending money at a pace usually “reserved” for times of war. The chart below shows the U.S. Government’s year over year change in deficit spending.

gross-federal-debt

Looking at our debt in a different way, the following chart shows our Government’s debt as a percent of GDP and the predicted percentage increases for the next few years.

us-gross-government-debt

Why is this important? Well, the last two times our politicians decided to use the debt ceiling in a political context, chaos ensued. The following chart shows the Statutory debt limit and the debt outstanding.

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