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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Economists Demand Universal Health Care

It’s time for universal healthcare in America.

More than 100 economic professors from across our country have signed on to a letter, calling for Vermont Governor Peter Shumlin and that state’s legislature to enact universal healthcare in the Green Mountain State.

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