This chart demonstrates, beginning in 1930 when the Government took 12 percent of national income, to 1940, when the Government consumed 25 percent of national income, to 1960, when it consumed 32 percent of national, all the way up to 1990 when local and Federal Government consumed 42 percent of national income. What the gentleman is saying correctly and very articulately is that this bill is about trying to turn this around so national income is consumed less by the Government rather than more each decade, as we see is evident on this chart.
Jim Saxton: “This chart demonstrates, beginning in 1930 when the Government took 12 percent of national income, to 1940, when the…”
Editor's note · Context
Discussing government consumption of national income during a debate on fiscal policy.
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