Spending and taxes
Sometimes a couple of pictures are indeed worth a thousand words.
The real problem? Yeah, spending. Revenues are actually .4% over the normal 18% (that’s right, the government takes 18% right out of the GDP, in addition to all the debt it has amassed (over $15 trillion).
Oh and that “fair share” thing?
~McQ
Twitter: @McQandO
Bruce, could you give me your sources? (I am not doubting them, I just would like to know where you got these charts)
@kyle8, some of that stuff seems off. A little revisionist history at a few points is my suspicion. So I would like to know the source, too.
@kyle8 Thought I’d included the link … now up there.
But we’re supposed to only look at the chart involving household income adjusted for inflation. Pay no attention to these right-wing extremist misleading charts.
Man, I miss Ott Scerb.
You’re misreading that graph (due to its design, which would make Ed Tufte cry).
It does indeed say 18.4% out on the far right – problem is , that’s a “projected” number for 2021.
Today’s number is 14.8% of GDP, well below the “normal” level – and due entirely to the economy, rather than Congress cutting back taxes, but still – the number right now isn’t 18.4%.
(The spending line makes less difference, since the big spike is all historical rather than projected.)
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