How did the federal budget become more terrifying than Rahm Emmanuel in a locker-room shower? It's not complicated. Since World War II, government revenues have averaged about 18 percent of Gross Domestic Product. Government expenditures, alas, have rarely kept close to that number (this year alone, it will be close to 26 percent of GDP). The result is as predictable and grisly as a curvaceous college co-ed entering the last house on the lane: red ink that threaten to drown us all.
For more links and to watch all the videos in this series, go to
http://reason.com/3dvideos
Written and produced by Austin Bragg, Meredith Bragg, and Nick Gillespie.
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