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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (88710)	6/9/2012 11:28:01 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 89467

since the south was paying the brunt of the fed. budget That's an interesting assertion. Anything you can present to back it up? I finally had some time to do some searching on the Fed Budget history and came up with this link. It indicates that most of the Federal Gov't revenues came from "Ad-Valorum" revenue sources, not state contributions: usgovernmentrevenue.com And if you go year by year, it indicates a decline in Ad-Valorum revenues in 1861, but they rise again in 1862 and then nearly double in 1863.. So even if you assert that Ad-Valorum revenues from the South represented how they were "bearing the brunt of the Federal Budget", the data I found contradicts that... It really seemed to have had a minor, and temporary, impact on Federal Revenues when the South seceded from the Union. And let me add something I also find interesting.. The National Debt was over 100% of Federal Revenue in 1860. Something that is similar to our situation today.. Of course, it was well short of being 100% of the national GDP. Hawk