Democrats can blame Bush, Greenspan, Reagan, Millard Fillmore and James Madison. But this year's deficit is on their heads alone.
Karl Denninger is using this chart to speak some truth to power: in a nutshell, the Democrats' era of vast unfunded, unconstitutional social engineering experiments -- Social Security, Medicare, Medicaid, the Department of Education, the Department of Labor and hundreds of other bureaucracies -- is drawing to a close, like it or not.
The Pelosi-Obama-Reid Democrats just hastened their demise.
And don't blink, but given Bernanke's QE2, the end may come quicker than any of us can possibly imagine. The only choice is to slash the government -- slash it wide and deep as fast as possible. The pie-chart doesn't lie.