A chart that our political candidates need to explain
For the first presidential debate, I’d like for the moderators to flash this chart on the screen.
Questions:
1. What does this chart mean?
2. What happened during the Clinton years that was different from the Reagan, Bush, and Bush years?
3. Every American citizen now owes about $30,000 for past federal spending. How will you reduce that?
4. Since 1980, the federal goverment has raised income taxes twice. What effect did those tax increases have on the economy?
September 21st, 2008 at 12:17 pm
very interesting. i’m wondering if you could add marginal tax rate to this chart and whether that’s a factor worth considering.