WebsterMark wrote on 08/26/12 at 18:49:12:No Midnight; LBJ started the Great Society and the War on Poverty which is ironic since it's where we are all going now.
Maybe we could look back and point to this as the beginning of the end. We took a safety net and tried to make a hardwood floor out of it.
In 1960, the federal budget per person was $4,000 or so. Today, it’s over $11,000 per person.
Now again, tell me exactly how we have a revenue problem and not a spending problem?....
We took a safety net and tried to change it into a net full of razor blades ...
Correct it was 4k in 1960 per person and its 11K now ... and what was a loaf of bread in 1960 ? what was a gal of gasoline in 1960 ? what was the cost of electricity in 1960 ? How about the roof over your head ... cos if I remember in 1960 too people still had to have those things to survive.
Its called inflation my friend.
The 11k doesn't mean they are living in luxury as the rich people and if it was just the rich it would be alright ... its the brain washed wanna be rich as well ... would like people to think ...
Its right up there with Joe the Plummer's tax dilema ... Obama was going to raise taxes on me if I statred making over 250K per year ... bad, bad, bad. Yea right moron, you barely make 55K now, you will take decades if not centuries if things go right before you get to 250K. You are worried about your taxes going up then ... really ... really.
The whole taxes on the rich (the 1%) need to be lower so that the soon to be rich (the 99%) will enjoy the lower taxes too has a fine print there, and that is, if they ever get to becoming rich ...
I'm a bit horrified that 11K per head is all we are spending on the safety net ... seriously in 50 years what else has not even tripled in $ ... yea I know, Internet. In 1960 you would have paid billions for the speed we have now ... how about TV's and electronic gadgets ... yea You get the point ... not neccesities for life my friend.
Cool.
Srinath.