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

[Toro]

fyi

 

[Zander]

Still too much

 

[Trajan]

fyi

so what does this tell us toro, exactlyaside from the obvious?

 

[Toro]

fyi

so what does this tell us toro, exactlyaside from the obvious?

What do you think it tells you?

 

[Zander]

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

 

[Dot Com]

Good find. Telling how no one on the right has much to say about it.

 

[Trajan]

I asked you first..


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?

 

[Trajan]

Good find. Telling how no one on the right has much to say about it.

theres been 7 posts 2 by toro and one by you , you dolt. jesus christ.

 

[rdean]

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.

 

[Toro]

I asked you first..


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?

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.

 

[Dr Grump]

I find it interesting that is mostly dipped during Clinton, mostly went up during Bush and is starting to dip again under Obama...Stats don't lie.

 

[Zander]

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.

In spite of that obscene tax rate - the feds still only collected around 18% of GDP during that era. That's about the same they averaged under the Bush rates. What does that tell you??

 

[xsited1]

Expect it to get a lot worse:

 

[Dr Grump]

Expect it to get a lot worse:

Graph is from where?

 

[Zander]

This is pretty simple- we are screwed if we don't stop spending.

 

[CrusaderFrank]

fyi

This reminds me of how the Warmers point to some weather event on the planet and say "See that! Global Warming!!" Whats the point of the chart? See that! We can have Mo' n Bigga Deficits! So we need a deficit bigger than $1.6 Trillion? What $2 Trillion? $3 Trillion?

 

[Jroc]

Your graph is bullshit.. spending as a % of GDP is the highest it's been since WWII

US Government Spending As Percent Of GDP in United States 1903-2010 - Federal State Local

 

[Toro]

This reminds me of how the Warmers point to some weather event on the planet and say "See that! Global Warming!!" Whats the point of the chart? See that! We can have Mo' n Bigga Deficits! So we need a deficit bigger than $1.6 Trillion? What $2 Trillion? $3 Trillion?

Really? Really? That's what you get from this chart?

Gee, maybe I shouldn't scoff at rdean's 6% thing.

 

[CrusaderFrank]

This reminds me of how the Warmers point to some weather event on the planet and say "See that! Global Warming!!" Whats the point of the chart? See that! We can have Mo' n Bigga Deficits! So we need a deficit bigger than $1.6 Trillion? What $2 Trillion? $3 Trillion?

Really? Really? That's what you get from this chart?

Gee, maybe I shouldn't scoff at rdean's 6% thing.

What's your point, that we can sustain more spending and bigger deficits because we're a few tick below some meaningless statistic?

 

[Toro]

Your graph is bullshit.. spending as a % of GDP is the highist it's been since WWII

US Government Spending As Percent Of GDP in United States 1903-2010 - Federal State Local

I'll assume that you aren't well versed on this subject. The chart is federal government spending. Your chart is total government spending. The chart in the OP comes from the St Louis Fed, which is one of the best repositories of US economic data in the country.