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Old 01-21-2013, 10:08 PM   #22
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Join Date: Jan 2003
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Originally Posted by evolved View Post
Tax receipts as a percentage of GDP are well below the historical average for the past 60ish years. The SS tax break was meant to be temporary, so you can complain that it's a sinister tax increase, but it was a return a level that was normal during the prior years.
The revenue vs GDP charts take a sharp downturn only in 2009-present - I surmise from the sharp drop in revenue from the unemployment and reduction in consumer spending. Oddly, GDP continued to rise in the last 4 years. I guess our exports are flourishing. But you bring up a point which (IMO) exemplifies that our problem is more spending than revenue. Spending as a percentage of GDP over the last 50+ years follows an upward trend (whereas revenue vs GDP is fairly constant). We keep spending more.

This link is from your thread Maybe some people will read it.

Last edited by 325seeeye; 01-21-2013 at 10:10 PM.
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