A few Facts...

Jump to Last Post 1-4 of 4 discussions (15 posts)
  1. Doug Hughes profile image57
    Doug Hughesposted 7 years ago

    Yesterday. LaLo posted the following as part of a premise that we can't raise the debt ceiling. It's a lie. I suspect LaLo only posts what she's instructed, so I don't blame her directly for repeating what she does not comprehend.

    "...even though historically revenues don't exceed more than 20% of GDP ...." 

    Look at the history here.

    http://www.usgovernmentrevenue.com/down … mp;local=s

    Or Google 'revenue as a percent of GDP' and pick ANY site.

    The last time in US history that revenues were less than 20% of GDP was just before the Great Depression. 1930s people. The lie doesn't resemble the truth. Was it close? Check the numbers. The US revenues as a percent of GDP have been over 30% since 1970!!! Often around 35%.

    Looking at history, pick the 'best' decades for the middle-class. If you picked the 20 years after World War II, statistics on a variety of demographics, income, home ownership, education & job opportunies back you up.

    The national debt as a percent of GDP was higher after WWII than than it is now. The tax rate for the very top earners was then OVER 90%!!!  And America flourished, paid down the national debt...

    This whole controversy over the debt ceiling is a sham. The national debt has grown too large and must be paid down. True. That means fat cats will have to pay more taxes and they don't want to. An asrtroturf 'party' has been created to create the illusion of a populist movement.  When they got down to specifics, the movement is backstabbing seniors while simultaniously giving a tax break to the top one percent!

    A large portion of the public has been fooled into thinking that the rich are the source of wealth and must be worshipped.  Fat cats aren't where wealth comes from - they are where wealth goes TO!!!!

    This country was founded for the benefit of the people. We the PEOPLE are invariably the source of wealth. We are long overdue in running the country for OUR benefit.

    1. S Leretseh profile image60
      S Leretsehposted 7 years agoin reply to this

      "the movement is backstabbing seniors"

      Wasn't it the seniors who've been the MAJOR beneficences of the 13 trillion run up of the US debt since 1980?  If a senior didn't get his share of this robbery of the youth, he only has himself o blame. I assume doug, you were one of the ones who feel left out...therefore SOUR GRAPES time. Societies existence depend on youth , not elderly.

      BTW, if you need money, lots of paper routs out there doug.

      1. iQwest profile image56
        iQwestposted 7 years agoin reply to this

        You're right, S Leretseh!

        The senior executives at all the uber corporations and the senior hedge fund managers have "been the MAJOR beneficences of the 13 trillion run up of the US debt since 1980".

        The "seniors" Doug is referring to are those being forced to work at Walmart why we try to figure out how to provide more tax havens and entitlements to companies like G.E. and Exxon.

      2. Ralph Deeds profile image66
        Ralph Deedsposted 7 years agoin reply to this

        As usual, you don't remotely have a grasp of basic facts.

  2. Cagsil profile image80
    Cagsilposted 7 years ago

    Nice post. smile

    1. Doug Hughes profile image57
      Doug Hughesposted 7 years agoin reply to this

      TY, Cags. We don't always agree but you always think for yourself.

      1. Cagsil profile image80
        Cagsilposted 7 years agoin reply to this

        You're welcome Doug. And, you'd be correct, we don't always agree.

        And, yes on your other statement. I like to think for myself. I find it very relaxing and peaceful.

        Like I've always said- "Life is Easy, People Make It Complicated". smile

        1. Doug Hughes profile image57
          Doug Hughesposted 7 years agoin reply to this

          Thinking independently is hard work for me. Being a drone and posting for your masters must be a breeze by comparison.

          But I'm too dam cranky to be anybody's drone.

          1. Cagsil profile image80
            Cagsilposted 7 years agoin reply to this

            lol

          2. earnestshub profile image89
            earnestshubposted 7 years agoin reply to this

            It was a nice post Doug, I think you summed it up very well. smile

            1. Doug Hughes profile image57
              Doug Hughesposted 7 years agoin reply to this

              Spasiba.

  3. Doug Hughes profile image57
    Doug Hughesposted 7 years ago

    It's interesting how the Wingnuts who spam the forums with lies evaporate when hard numbers are presented. The claim of 20% understated the truth by about 60%.

    Some powerful people are trying hard to create a ridiculously false perception and lay the groundwork for legislation that will ensure a government too weak to stand up to the abuses of big business.

    1. iQwest profile image56
      iQwestposted 7 years agoin reply to this

      Agreed, Doug.  And, the hypocrisy when it comes to their said distaste for "big government" is a joke.

      The individuals you're referring to love "big government" and "heavy handed" government regulation when it comes to imposing their social ideals.

  4. John Holden profile image59
    John Holdenposted 7 years ago

    So let's see.
    Big government = bad.
    Big business = good.

    Hmm.

    I don't think so.

    1. lovemychris profile image65
      lovemychrisposted 7 years agoin reply to this

      Big Business RUNNING big gubmint...even better!!wink

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)