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.
Share
More from Jim Saxton
If you can clearly identify a problem and a solution, then everyone will work together to accomplish the goal. If there is scientific uncertainty, distress, and animosity, then the process of cooperatively working together to find a…
H.R. 5381--The National Fish Hatchery System Volunteer Act of 2006 will enhance a volunteer program and promote community partnerships for the benefit of our Fish and Wildlife Service (FWS) fish hatcheries and fisheries program offices…
I believe it is time that this House go on record and vote on whether emergency funding bills should have a troop withdrawal timeline. I want to reiterate to my colleagues the message that we are sending if we include such a timeline in…
I thank the gentleman for emphasizing the importance of tax policy relative to economic growth. One of the things that I would like to point out, and I know the gentleman knows this as well, the President today has been criticized by some…