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Politics : Politics for Pros- moderated
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From: stsimon10/24/2011 5:56:31 AM
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Got a kick out of Ron Paul on "Meet the Press" on Sunday. He claims that after WWII the budget was cut 60% and that was why we had an economic boom in the U.S. Of course, reality is a bit different. After WWII most of the rest of the industrialized world had much of its productive capacity destroyed so the U.S. had world markets largely to itself for many years. There were few consumer goods available in the U.S during WWII so there was a lot of pent up demand for cars, etc.

Oh, and he ignores the fact that during this period of economic success after WWII the marginal tax rate was 92.5%. Please let him get the Republican nomination....
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