Fwd: Check Out the New 2010 Budget Chart Book!

Check Out the New 2010 Budget Chart Book!   The recently enacted health care law appears to likely add to the federal budget's unustainable course, with red ink as far as the eye can see. With that kind of fiscal path, it's an especially important time for Americans to understand spending, taxes and debt. The Heritage Foundation's Budget Chart Book is a user-friendly way to learn about the federal budget in pictures. As Federal Spending Chart 1 shows, spending has been on the rise — even before the recession, stimulus bill and Obamacare — and will continue to climb steeply under President Obama. The Scoop Tweet of the Week: 60% Believe Obamacare will Increase the Deficit   Obamacare: No Friend of Small Business   Side Effects: Floridians Will Lose Medicare Advantage   Side Effects: Special Treatment for Congress   Entitlement Reform Would Eliminate Long-Term Deficits   Washington is planning to pay for this and more spending with tax hikes, but as Federal Revenue Charts 1 and 9 reveal, taxes are already a hefty burden and will reach unprecedented levels in the future. Yet spending continues to grow far faster than revenues, creating record deficits. President Obama's annual deficits will add more to the federal debt than every other president before him combined, causing the debt to skyrocket as Debt and Deficits Chart 3 illustrates. The main reason America finds itself on a precipice of disastrous deficits is from spending on the three major entitlements — Social Security, Medicare, and Medicaid. As Entitlements Chart 2 shows, these programs will double in size in a few decades. But Chart 10 explains spending cuts alone can't pay for entitlements, and the level of taxes, shown in Chart 8, required to pay for the programs would devastate the economy. Tough policy choices and strong entitlement reforms are necessary to get the budget back on track. The Budget Chart Book will help you appreciate the size and scope of the decisions policymakers must enact to protect America's fiscal future. Visit today to view the federal budget in pictures, download copies, view interactive charts, and share charts on your blog or social networks. forward message   or visit our website   The White House has launched a taxpayer-funded Web site to "reality check" credible criticisms and arguments. Problem is the Obama administration's videos "debunking" each "myth" are low on facts. Click here to see our response.   Facebook Twitter YouTube The Heritage Foundation - 214 Massachusetts Ave NE, Washington, DC Call us at 202 546 4400