The Graph on this Page . . .

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hit me like a ton of bricks.It clearly shows what happens to the National Debt (as a % of GDP) when different Presidents are in control of the White House. How clear does this have to be?

Now, juxtapose that graph with this chart for Government spending since around 1910. It shows virtually a flat line with huge spikes for WWI and WWII. (The Clinton and Bush years actually show a decrease in spending. I think we have to assume that this is because spending on the war was off-budget.)

As far as I'm concerned, this speaks to the inevitability of a constant baseline for spending. The cause of deficits is inadequate taxing. (The deficits have not yet reached the level that we Reagan/BushI left us with).

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Art
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Jul. 31, 2007 3:01 pm

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The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

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