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).

Art's picture
Art
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Jul. 31, 2007 3:01 pm

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The other way we're subsidizing Walmart...

Most of us know how taxpayers subsidize Walmart's low wages with billions of dollars in Medicaid, food stamps, and other financial assistance for workers. But, did you know that we're also subsidizing the retail giant by paying the cost of their environmental destruction.

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