Interesting pair of charts from the JPM collection:
The first very clearly shows what the 5 buckets of US government spending is: 1) Health Expenses, 2) National Defense, 3) Retirement Costs, 4) Interest & Other, 5) Discretionary Spending.
They second reveals the components of US growth.
I cannot help but wonder when looking at these charts as to how far apart they may be in terms of our spending priorities . . .
Source: JP Morgan funds