Obama Gets Schooled By Reaganomics

[CID1990]

I'm not backtracking on anything. I was simplifying for you

You are a 100% doctrinaire liberal.

You were simplifying for yourself. I know how you struggle with nuance.

I don't struggle with nuance... you just struggle with delivering it.

[BDKJMU]

Bureau of Economic Analysis - fancy charts and graphs
(and down-loadable spreadsheet materials for you nerdy-types)

The thing is ... the USA is now such a large economic mass that for the most part even dumb-ass politicians (of any persuasion) can't **** it up for very long. It's big. Really big. So freakin' big that no one actually knows how big it is ....

Total assets of $250-$260 trillion with a total net worth in the $70-$80 trillion range. Those assets do not include infrastructure, public land & buildings, natural resources, military hardware & assets, 'goodwill' (not much of that ), etc.

A 'lowly' 2- to 3% GDP growth now expands the annual economy $500 billion a year, which in itself expands the asset value and net worth exponentially. (Maybe not exponentially, but you get the point ).

Fifty- to sixty years ago we fueled the economic engine with annual Federal taxes (individual and corporate) of roughly 13-14% of GDP. There are those among us today who feel 8% (or less) is too much. Good luck with that, America.

As far as the OP ...
Internet Trolls Really Are Horrible People

No we didn't. Try more like 20% as JSO pointed out..And its WAY higher than 8%..

And that doesn't include local and state. Total local, state and Fed in 2012, last year available for non estimated, is almost 4.9 trillion tax revenue on a 16.163 trillion GDP. Thats over 30%. GDP going to taxes..
http://www.usgovernmentrevenue.com/reve ... 020USb_F0t" onclick="window.open(this.href);return false;

And local/state/federal spending is an even much higher % of GDP..(2012 last year full data vailable, 2013 on has guestimated)
2008: 38%
2009: 41%
2010: 40%
2011: 40%
2012: 38%
http://www.usgovernmentspending.com/yea ... 2n#usgs302" onclick="window.open(this.href);return false;

And yet there are who think govt doesn't tax and spend enough..

[BDKJMU]

Fifty- to sixty years ago we fueled the economic engine with annual Federal taxes (individual and corporate) of roughly 13-14% of GDP.

Do we not still do something like that or maybe a little more? I'm asking because I saw the chart below. It appears to show that annual Federal tax receipts as percentage of GDP have stayed in the range of a little above 14% to a little above 20% since at least as far back as 1945 (70 years ago) and they look to be at somewhere around 18 or 19% of GDP right now. In fact they look to be a little higher than they've been for the majority of the previous years in the period right now.

Exactly. And the idiot thought it was only 8%..

[kalm]

Bureau of Economic Analysis - fancy charts and graphs
(and down-loadable spreadsheet materials for you nerdy-types)

The thing is ... the USA is now such a large economic mass that for the most part even dumb-ass politicians (of any persuasion) can't **** it up for very long. It's big. Really big. So freakin' big that no one actually knows how big it is ....

Total assets of $250-$260 trillion with a total net worth in the $70-$80 trillion range. Those assets do not include infrastructure, public land & buildings, natural resources, military hardware & assets, 'goodwill' (not much of that ), etc.

A 'lowly' 2- to 3% GDP growth now expands the annual economy $500 billion a year, which in itself expands the asset value and net worth exponentially. (Maybe not exponentially, but you get the point ).

Fifty- to sixty years ago we fueled the economic engine with annual Federal taxes (individual and corporate) of roughly 13-14% of GDP. There are those among us today who feel 8% (or less) is too much. Good luck with that, America.

As far as the OP ...
Internet Trolls Really Are Horrible People

No we didn't. Try more like 20% as JSO pointed out..And its WAY higher than 8%..

And that doesn't include local and state. Total local, state and Fed in 2012, last year available for non estimated, is almost 4.9 trillion tax revenue on a 16.163 trillion GDP. Thats over 30%. GDP going to taxes..
http://www.usgovernmentrevenue.com/reve ... 020USb_F0t" onclick="window.open(this.href);return false;

And local/state/federal spending is an even much higher % of GDP..(2012 last year full data vailable, 2013 on has guestimated)
2008: 38%
2009: 41%
2010: 40%
2011: 40%
2012: 38%
http://www.usgovernmentspending.com/yea ... 2n#usgs302" onclick="window.open(this.href);return false;

And yet there are who think govt doesn't tax and spend enough..

Like Reagan?

[AZGrizFan]

No we didn't. Try more like 20% as JSO pointed out..And its WAY higher than 8%..

And that doesn't include local and state. Total local, state and Fed in 2012, last year available for non estimated, is almost 4.9 trillion tax revenue on a 16.163 trillion GDP. Thats over 30%. GDP going to taxes..
http://www.usgovernmentrevenue.com/reve ... 020USb_F0t" onclick="window.open(this.href);return false;

And local/state/federal spending is an even much higher % of GDP..(2012 last year full data vailable, 2013 on has guestimated)
2008: 38%
2009: 41%
2010: 40%
2011: 40%
2012: 38%
http://www.usgovernmentspending.com/yea ... 2n#usgs302" onclick="window.open(this.href);return false;

And yet there are who think govt doesn't tax and spend enough..

Like Reagan?

Good god, your red herrings are worse than GATW's.

[CID1990]

Like Reagan?

Good god, your red herrings are worse than GATW's.

He calls them "nuance"

[kalm]

Good god, your red herrings are worse than GATW's.

He calls them "nuance"

Check out the thread title, bitches.

[CID1990]

He calls them "nuance"

Check out the thread title, bitches.

There's nothing nuanced about the tread title

It is 100% over the top blatant Grade A Klambait

[kalm]

Check out the thread title, bitches.

There's nothing nuanced about the tread title

It is 100% over the top blatant Grade A Klambait

You're right, there isn't. Yet you've been trolled twice in the same thread now. So there's that.

[CID1990]

There's nothing nuanced about the tread title

It is 100% over the top blatant Grade A Klambait

You're right, there isn't. Yet you've been trolled twice in the same thread now. So there's that.

Claiming to have trolled people is rapidly becoming your signature way of retreating out of an a$$ beating

[JohnStOnge]

I wish no one had ever invented that "troll" terminology.

[kalm]

You're right, there isn't. Yet you've been trolled twice in the same thread now. So there's that.

Claiming to have trolled people is rapidly becoming your signature way of retreating out of an a$$ beating

Really? You must be following me pretty close to make that accusation. how often has it occurred lately?

Don't worry though. I'll let you know when an ass beating has taken place. It will probably happen when you stop confusing facts with opinions.

Unlike you, I actually apply some introspection from time to time.

[CID1990]

Claiming to have trolled people is rapidly becoming your signature way of retreating out of an a$$ beating

Really? You must be following me pretty close to make that accusation. how often has it occurred lately?

Don't worry though. I'll let you know when an ass beating has taken place. It will probably happen when you stop confusing facts with opinions.

Unlike you, I actually apply some introspection from time to time.

Please, continue inventing

Here's a tip you might want to try (it works well for me):

do your "introspection" BEFORE you post - its a variation on "thinking"

that way you dont find yourself reduced to semantic arguments about the definitions of words or claims that you trolled people to back out of a thread

[kalm]

Really? You must be following me pretty close to make that accusation. how often has it occurred lately?

Don't worry though. I'll let you know when an ass beating has taken place. It will probably happen when you stop confusing facts with opinions.

Unlike you, I actually apply some introspection from time to time.

Please, continue inventing

Here's a tip you might want to try (it works well for me):

do your "introspection" BEFORE you post - its a variation on "thinking"

that way you dont find yourself reduced to semantic arguments about the definitions of words or claims that you trolled people to back out of a thread

Gawdammitt!

I got nothin....

Spoiler: show

asshole...

[CID1990]

Please, continue inventing

Here's a tip you might want to try (it works well for me):

do your "introspection" BEFORE you post - its a variation on "thinking"

that way you dont find yourself reduced to semantic arguments about the definitions of words or claims that you trolled people to back out of a thread

Gawdammitt!

I got nothin....

Spoiler: show

asshole...

[AZGrizFan]

Really? You must be following me pretty close to make that accusation. how often has it occurred lately?

Don't worry though. I'll let you know when an ass beating has taken place. It will probably happen when you stop confusing facts with opinions.

Unlike you, I actually apply some introspection from time to time.

Please, continue inventing

Here's a tip you might want to try (it works well for me):

do your "introspection" BEFORE you post - its a variation on "thinking"

that way you dont find yourself reduced to semantic arguments about the definitions of words or claims that you trolled people to back out of a thread

/thread