gdp

Dispatches from the Creation Wars

Tag archives for gdp

Part 1 reviewed our slowly declining economic growth rate while Part 2 revealed the long-term stability of federal tax receipts coupled to a recent decline to the point we’re paying less in federal taxes relative to the size of the economy than we have in sixty years, in spite of the creation of Medicare. We…

Two days ago we considered GDP growth rates in the post-WWII era. Here’s what federal receipts relative to their respective year’s GDP look like while also considering growth rates. (You can click on all my graphs to move from these displayed thumbnails to the actual size.)

Correction: I believed I had downloaded real GDP data in 2005 dollars to graph. It appears that is not what I orginally downloaded but instead GDP that was not chained. I’ve updated the graph. Since I was commenting on the old graph below, I’ll strike-out that which is not true and emphasis in bold what…