Says it all...

Says it all...

Wednesday, May 7, 2014

When Will We Learn?

During what years was the USA at our economic peak? 1940-80. The tax rates on the wealthy from 1940-80  were double today's rates, no coincidence. And don't say 'the rich didn't really pay them'. There's no way our economy grew so much and we did so much with such low debt without vastly more revenue. From 1940-80 we paid for WWII, Korean War, Vietnam war, Republican Eisenhower built our Entire entire Interstate Expressways system and we went to the moon-manned 6 times! Kennedy only lowered the upper rate a little, but Reagan decimated it and America has gone into debt and disrepair since then. Sad...When will we learn?
http://PatrioticEconomics.blogspot.com/

2 comments:

  1. 1940:

    Tax revenue: 7.0 billion

    Total spending: 10.1 billion

    Social program spending: 0.8 billion

    1980:

    Tax revenue: 517 billion

    Total spending: 591 billion

    Social program spending: 244 billion

    2010:

    Tax revenue: 2.16 trillion

    Total spending: 3.46 trillion

    Social program spending: 2.07 trillion

    Get the picture? We don't have any money to spend on anything else because it all goes to social programs. We have to borrow to run the government. We had money to spend in the time period you seem obsessed with because all revenue didn't go to social programs.

    I mean c'mon ... this isn't hard unless you're intentionally ignoring the numbers or are slow.

    Don't be afraid of the truth.

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  2. One more thing. The numbers above don't include all social program spending, just the big three ... Social Security, Medicare/Medicaid and welfare.

    Programs such as public housing, Section 8, food stamps, and others are included in the budgets of other departments so the true number is actually larger.

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