Well,the wage data only went back to 1967. And since corporate taxes also contribute, maybe it's fairer to use per capita GDP.
1958: $14802 (in 2005 $) 2008: $43714 (ditto)
An increase of 195%. Quite close to the increase in spending you decry. Over 50 years, the growth rate of spending has been 2.269%, while the growth in GDP has been 2.164%. (So the actual increase in tax rate amounts to 0.1% annually. If only we'd avoided that, the world would still look like Leave it to Beaver.) Anyway, fiscal conservative means different things to different people. When I use a word, it means just what I choose it to mean -- neither more nor less.
To many it means to be a pre-transformation Scrooge. To me it means that you should not spend more than you earn. There is nothing inherently wrong with spending a lot of money for something you want very much. But there is something wrong with doing so without a viable plan to pay for it.
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timeasmymeasure
no subject
Date: 2010-02-11 04:09 pm (UTC)1958: $14802 (in 2005 $)
2008: $43714 (ditto)
An increase of 195%. Quite close to the increase in spending you decry. Over 50 years, the growth rate of spending has been 2.269%, while the growth in GDP has been 2.164%. (So the actual increase in tax rate amounts to 0.1% annually. If only we'd avoided that, the world would still look like Leave it to Beaver.)
Anyway, fiscal conservative means different things to different people. When I use a word, it means just what I choose it to mean -- neither more nor less.
To many it means to be a pre-transformation Scrooge. To me it means that you should not spend more than you earn. There is nothing inherently wrong with spending a lot of money for something you want very much. But there is something wrong with doing so without a viable plan to pay for it.