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 4:01 pm

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You Too Can Buy a Congressman…

Ever wonder what the best investment you can make is?

I’m not in the business of giving financial advice - but I wanted to share with you this secret that every billionaire and large corporation in this country knows. The best investment you can make isn’t gold or some revolutionary technology.

The best investment you can make is to buy a politician!

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