Spending to GDP Less than Under Bush I, Reagan, Carter, Ford, Nixon, LBJ, JFK & Ike

Discussion in 'Economy' started by Toro, May 17, 2011.

  1. Toro
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    Toro Diamond Member

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    fyi

    [​IMG]
     
  2. Zander
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    Zander Platinum Member

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    Still too much
     
  3. Trajan
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    Trajan conscientia mille testes

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    so what does this tell us toro, exactly:eusa_eh:aside from the obvious?
     
  4. Toro
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    Toro Diamond Member

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    What do you think it tells you?
     
  5. Zander
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    Zander Platinum Member

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    Who cares? We have a $14 trillion+ national debt and it keeps growing. I don't care about statistics, I want action. CUT SPENDING.
     
  6. Dot Com
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    Dot Com Nullius in verba

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    Good find. Telling how no one on the right has much to say about it.
     
  7. Trajan
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    Trajan conscientia mille testes

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    I asked you first..:lol:


    its telling us spending to gdp in % is lower than the historical average...what happy days? we are on a clear fiscally sound course, what? does this include spending built in btw?Is this in real dollars of fed revenue, outside deficit spending?
     
    Last edited: May 17, 2011
  8. Trajan
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    Trajan conscientia mille testes

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    theres been 7 posts 2 by toro and one by you , you dolt. jesus christ.
     
  9. rdean
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    Taxes under Eisenhower were above 90% for the richest Americans. Thanks for pointing that out.

    This economy is what happens when you throw money at rich people.
     
  10. Toro
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    Toro Diamond Member

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    What it tells me is that the American economy has had the capacity to spend a greater share on government programs in the past. True, defense was a bigger share of the economy in the 50s and 60s, but nonetheless, government spending played a bigger role then than it does now. My guess is that most people would think the opposite, given the tone of the debate. It doesn't mean we should have more government spending but per capita growth grew at a pretty constant rate from 1945 to 2006 no matter what the level of taxes or government spending.
     

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