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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: simplicity who wrote (486402)	5/9/2012 10:04:36 AM
From: DMaA	Read Replies (1) \| Respond to of 793897

How can they claim Federal Spending went down at the end of the graph?

To: simplicity who wrote (486402)	5/9/2012 11:08:06 AM
From: skinowski	4 Recommendations Read Replies (1) \| Respond to of 793897

That is a tremendous chart. For 30 years, in inflation adjusted dollars, the Federal spending was EXPLODING in comparison to average family income. No wonder we're in trouble. One would expect that politicians, along with their economics professors, should be smarter than a felt boot and could foresee likely consequences of their actions, but obviously that is not the case.

To: simplicity who wrote (486402)	5/9/2012 2:37:33 PM
From: Bill	Read Replies (1) \| Respond to of 793897

Off the top of my head, I'd say the 1970 median household income looks very high.

To: simplicity who wrote (486402)	5/12/2012 11:08:52 AM
From: DMaA	1 Recommendation Read Replies (1) \| Respond to of 793897

I've been thinking about that graph. It is so telling about what is happening. If we assume productivity has increased 2%/year since 1970 our standard of living should have doubled by now. Instead we are benefiting from a 24% increase. And it also knocks down the idea that the rich are taking it all. Virtually all the benefits our our productivity growth are being harvested by governments at all levels. And what exactly are we getting for this? If voters understood this we'd have very different voting patterns.