Reason.com
Most Popular Stories
- Here Are the 15 Senators Who Voted to Stop Armed FDA Agents From Conducting Warrantless Raids on America's Farmers (Not One of Them is a Democrat) (5.24)
- When Government Privileges Trump the Rights of Citizens (5.25)
- Is the Ron Paul the Best Hope for Progressives? (5.25)
- Rand Paul Amendment to Stop Armed FDA Agents From Raiding Farms Fails, 78-15 (5.24)
- Friday Funnies (5.25)
Reason RUPE: Public Opinion Survey
- Reason-Rupe: Wisconsinites Favor Increasing Public Union Retirement Contributions to Address Budget Deficit (5.25)
- Reason-Rupe Poll Finds Support for Public Union Reforms (5.25)
- New Poll: Obama Leads Romney In Wisconsin, But Gary Johnson Could Impact the Race (5.24)
- Wisconsin Recall: Walker Leads Barrett 50-42 Among Likely Voters (5.24)
- Reason-Rupe Poll: Walker Leads Barrett 50-42, Obama Leads Romney 46-36 (5.24)
advertisements
Reason on Facebook
Reason on Twitter
Reason on YouTube
Reason RSSGet Reason E-mail Updates!
Manage your Reason e-mail list subscriptionsSite comments/questions:
Media Inquiries and Reprint Permissions:
(310) 367-6109
Editorial & Production Offices:
3415 S. Sepulveda Blvd.
Suite 400
Los Angeles, CA 90034
(310) 391-2245
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment or disable your ability to comment for any reason at any time.
Fist of Etiquette|2.2.10 @ 3:20PM|#
They're not called entitlements for nothing, you know.
Pip|2.2.10 @ 3:23PM|#
Math Problems: 61 percent of Obama's deficit reductions purely hypothetical
http://dailycaller.com/2010/02.....othetical/
Johnny Longtorso|2.2.10 @ 3:25PM|#
Excel? Really? Nobody at Cato has a prettier graph creation tool than that?
|2.2.10 @ 3:33PM|#
The chart pretty much refutes the old trope of blaming deficits on Reagan's military spending, doesn't it?
|2.2.10 @ 3:46PM|#
Don't actually recall a rigorous running of the numbers but I remember someone suggesting that the biggest contributor to the debt in the Reagan era was interest on the debt itself.
There was at least one of the high interest rate years had interest as one of the biggest budget items and pretty much as big as the deficit itself.
We were in the position of borrowing money to pay the interest on our debt.
Tron|2.2.10 @ 3:49PM|#
Not really. According to the graph, during the Reagan years, nondefense declined and defense spending rose. Therefore, a rise in the deficit would have been powered by defense spending.
|2.2.10 @ 7:28PM|#
Except that non-defense spending was nearly double defense spending, so most of that deficit was not due to defense spending.
JB|2.2.10 @ 3:33PM|#
Tax and spend liberals should leave.
Go to France or somewhere else where you will be happier.
|2.2.10 @ 3:55PM|#
And where should spend and spend Republicans go?
|2.2.10 @ 3:57PM|#
With the other tax and spenders.
JB|2.3.10 @ 11:59AM|#
They can follow. Getting rid of the tax and spend liberals would be a good start.
|2.2.10 @ 5:54PM|#
And don't forget the borrow and spend Republicans...
Mike M.|2.2.10 @ 3:43PM|#
Looking at the generalized trend lines for nondefense spending and future interest payments, the conclusion is utterly inescapable: the Bismarckian Welfare State upon which most first world western countries today are based is a guaranteed failure, and doomed to collapse.
I believe that figuring out what model is going to eventually replace this flawed system, and implementing the transition with the least possible amount of societal upheaval is going to be by far the biggest challenge of the 21st century for the serious intellectuals and leaders of our world.
Michael Ejercito|2.2.10 @ 4:56PM|#
I would imagine a complete collapse of the welfare state.
It would not be a totally bad thing. If the state collapses, that means no more civil asset forfeitures.
Ralph Kramden|2.2.10 @ 3:45PM|#
To the Moon, Alice!
Jerry|2.2.10 @ 3:46PM|#
Total mandatory human resource programs (FY2001): $1,033,679 million
Total mandatory human resource programs (FY2011): $2,173,579 million
I blame Congress, not Bush.
|2.2.10 @ 3:53PM|#
This is even more complicated when you consider that federal spending is part of the GDP figure.
anonymous|2.2.10 @ 9:22PM|#
Why? They're graphing the portion of GDP that is government spending...
Granted, a chart showing the relationship between all these components and private sector spending over time, in inflation-adjusted dollars, might be enlightening, if only to provide some proof or disproof of Keynesian thinking.
|2.2.10 @ 3:54PM|#
Look at that... hockey stick!
m|2.2.10 @ 4:00PM|#
Living on the moon with the MoNoStErEo.
|2.2.10 @ 4:17PM|#
Defense spending rose during the Bush years from what three to five percent of GDP? Bush's wars, whatever their merits, are not what is running us broke.
|2.2.10 @ 9:53PM|#
That is true John...what's trully destroying the united states? ENTITLEMENT! We could stop the war right now and we're still in deep trouble..very deep trouble...so lets not blame it all in the war because there's over $100 TRILLION dollars unfunded liability prior to those wars.
|2.2.10 @ 4:56PM|#
I can hardly wait to see what that green line looks like when the prime rate cracks ten per cent.
Wheeeeeee!
|2.2.10 @ 5:42PM|#
That won't be a problem because we will have 8% inflation to go with those rates. And soon a trillion dollars won't seem like so much money.
Burrow Owl|2.2.10 @ 9:56PM|#
8% inflation??
Friggin' optimists.....