Tuesday, February 2, 2010
must balance over time, else we have a big problem. NY Times economix blog on historical ins and outs from 1930s on for the ins, and from 1960s on for the outs. Very cool graphs. Note graph 2, the outs, includes spending of borrowed money. But you can see trend over past half century away from defense spending as percentage of what we spend toward health care, especially. For the ins, you can see trend away from excise taxes to income taxes and then the rise of payroll taxes (SS and Medicare).
Posted by Don Taylor at 12:09 PM