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Politics : PRESIDENT GEORGE W. BUSH
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To: greenspirit who wrote (132626)3/21/2001 10:15:17 AM
From: Zoltan!  Read Replies (2) of 769667
 
The Clinton Recession and fiscal drag:

...This year, federal taxes will reach 20.7 percent of GDP. Only once, in 1944, has Washington taken a higher proportion of national income—and only twice (the other year was 1945) has it taken more than 20 percent. But, according to CBO, taxes will exceed 20 percent of GDP in every year through 2011. Currently, the Treasury is absorbing one-sixth more in revenues than it needs to operate the government. That's an overcharge that will mount with the years—reaching an incredible one-third by 2010....
weeklystandard.com
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