USGovernmentSpending.com Past Spending Briefing From this chart we can see that we are currently spending as a percentage of GDP on a par with historic norms. Hell, we're spending less as a percentage of GDP than REAGAN did. Now, lets look at revenues... See the dips there? When it dipped, that means we were borrowing money. Gee what happened in the 80's? Oh...Reagan's tax cuts. Gee...then Clinton RAISED taxes and revenues went up again...oh...then George Bush got in office and REALLY cut revenues by a good 2% of our GDP. 2% OF GDP! Not the budget...but of GDP! Why can't we go back to the days when import tariffs paid much more of our revenue burden? Why not start COLLECTING taxes from corporations instead of giving them an unneeded handout. The question is, do we slit our own throats or do we PROTECT our industries and also collect funds to pay for our own government? But this method of eliminating the debt won't be popular with businesses. Well tough crap! The US is the largest consumer market in the world. If our foreign competitors don't like it, they can go screw. What are they gonna do? Have a trade war with their biggest customer? Besides, it's not like Germany and other EU nations don't do this as well to protect their own domestic industries. Solving our debt problem will require courage. And that includes the courage to start taxing people and businesses at a HISTORICALLY proper rate. What got us into this mess in the first place are people who bought their votes by cutting taxes, regardless of the consequences.