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McKinley And Capito Right

January 5, 2013

Members of Congress who voted for tax increases approved Tuesday apparently thought keeping the nation headed down the slippery slope toward economic collapse was an acceptable alternative to......

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thetruthforonce

Jan-06-13 7:23 AM

Who would have ever known that a bachelor's degree in journalism made one an expert in economics.

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dyingov

Jan-05-13 3:42 PM

Research shows that from the founding of our nation, 1787-1849 (63 years) federal spending averaged 1.7% of GDP. For the next 51 years, 1850-1900 (including fighting the Civil War) spending averaged only 3.1%. From 1901 till 1930 (including fighting WWI) it never reached 8%, and averaged approximately 3.2%.

For more than the first 140 years of the country's existence, the federal government got by on about three cents out of every dollar. Yet somehow it sustained an army and a navy. We also had police, a judicial system, public education, roads, and railroads. We even had trolley cars and libraries. (I know the federal government did not pay for many of those government functions, but that is the point. Federalism used to mean something.)

And through that same time, the country prospered and grew. Real GDP grew at an average annual rate of almost 4% from 1790 to 1930, despite a Civil War, a World War, and several lesser wars in that time frame.

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impact

Jan-05-13 1:14 PM

C'mon Whoops, you know they're right. Just ask them.

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