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Author: MadCapitalist Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757593  
Subject: Re: Low Information 0bama Voters Date: 1/13/2013 3:24 PM
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Twenty three years of Americans keeping their own hard earned money. What a disaster. Uh huh.

Then spare me all the BS about the debt ceiling, etc. If you think our debt is a disaster, it is a direct result of 23 years of tax cuts.

The result of head-in-the-sand thinking like yours. Why won't you pay up for things you enjoyed and supported, huh?

JoelCairo


Just out of curiosity, why isn't it a direct result of the massive increase in spending?

Would you be willing to go back to the last two Clinton budgets (FY 2000 and FY 2001)? I know that I certainly would, even if it meant a tax increase. Spending was only 18.2% of GDP back then. It was 22.8% of GDP in FY 2012, a 25.3% increase relative to the size of the economy. That kind of increase is staggering, and that was actually down from 24.1% of GDP for FY 2010 and FY 2011, which represented a 32.4% increase.

Worse than that, the real per capita increase in spending was even greater than that since real GDP per capita grew over that period.
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