Interesting (but scary!) Infographic on the US 2011 Federal Budget

Lots of data can be gleaned from the infographic below and found here and the numbers are astronomical! With government spending at $ 3.6 trillion and tax revenues at $2.3 for 2011, that makes a pretty large shortfall. Inaddition, the US government spends $227 billion just to finance its debt! With a rather bleak prognosis for 2012, US policymakers need to come up with a pretty radical job creation plan that can ease some of this debt burden in order to avoid the damaging effects of doubts over debt repayment some European countries are experiencing at the moment.