Says it all...

Says it all...

Thursday, March 19, 2015

The USA Had a Perfect Economy 1940-1980

We can try to cut our way to prosperity or grow our way to prosperity...here's how we have grown and can grow again...

The USA has, in the past, attained the 'perfect social formula'.
 It was a formula of taxation and investment which created a rising tide for all citizen/boats, so to speak. Higher taxes on the wealthy invested in modern infrastructure made more money for the rich while affording better jobs and a stronger social safety net for society as a whole. Everyone was wealthier in every way and the rich weren't forced to live in gated communities to protect themselves from the 'desperate poor'.

 During what years was the USA at our economic peak? 1940-80. The tax rates on the wealthy from 1940-80  were double to triple 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 Interstate Expressway 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?

5 comments:

  1. We had money to spend on things like infrastructure, space exploration and going to the moon BECAUSE WE WEREN'T SPENDING ALL OF IT ON SOCIAL PROGRAMS.

    Today that's where most of the money goes. That's why we have to borrow to run the government. That's why Obama has tripled the national debt in six years. Do some damn research and stop lying.

    Why are you so damned scared of the truth?????????

    ReplyDelete
    Replies
    1. Doubled the national debt ... not tripled, although it wouldn't surprise me if he did by the time he left.

      Delete
    2. We spent WAAAAY more on social programs then. You are uninformed.

      Delete
    3. STOP LYING.

      I'd ask you to prove your point but you can't.

      Delete
  2. 1940
    Total Spending $10.1 billion
    Pensions $0.1 billion
    Health Care $0.1 billion
    Education $0.3 billion
    Defense $2.2 billion
    Welfare $0.6 billion

    1950
    Total Spending $44.8 billion
    Pensions $1.1 billion
    Health Care $1.0 billion
    Education $2.8 billion
    Defense $24.2 billion
    Welfare $1.6 billion

    1960
    Total Spending $97.3 billion
    Pensions $12.5 billion
    Health Care $1.5 billion
    Education $1.6 billion
    Defense $53.3 billion
    Welfare $3.0 billion

    1970
    Total Spending $195.6 billion
    Pensions $28.4 billion
    Health Care $12.1 billion
    Education $9.6 billion
    Defense $94.7 billion
    Welfare $9.1 billion

    1980
    Total Spending $590.9 billion
    Pensions $134.4 billion
    Health Care $55.3 billion
    Education $33.2 billion
    Defense $167.9 billion
    Welfare $54.9 billion

    2015
    Total Spending $3,758.6 billion
    Pensions $959.0 billion
    Health Care $1,017.7 billion
    Education $149.0 billion
    Defense $813.9 billion
    Welfare $375.9 billion

    ReplyDelete