Category: federal government

Lloyd Lofthouse

Dec 6, 2012

The Evolution of a National Burden – Part 5/7

After World War II, the National Debt was reduced from 120% to 30% of GDP by 1981. Then Ronald Reagan was elected president.
Lloyd Lofthouse

Dec 5, 2012

National Debt Info-Graphic by President 1945 – 2012

As tax rates dropped for the wealthy, unemployment went up and GDP went down (on average).
Lloyd Lofthouse

Dec 5, 2012

The Evolution of a National Burden – Part 4/7

To pay off debt and fund the growing pains of a nation becoming an expanding global empire, Congress passed the 16th Amendment to the Constitution on February 3, 1913 establishing Congress’s right to impose a Federal income tax.
Lloyd Lofthouse

Dec 4, 2012

The Evolution of a National Burden – Part 3/7

In 1787, the concept of universal healthcare did not exist anywhere in the world, so how could America’s Founding Fathers be against something that did not exist?
Lloyd Lofthouse

Dec 3, 2012

The Evolution of a National Burden – Part 2/7

Can you survive on $132.96 a month? Many of Wal-Mart workers can’t so they turn to food stamps.
Lloyd Lofthouse

Dec 2, 2012

Each President’s share of the US National Debt

Former President G. W. Bush is responsible for more than $6 Trillion of the National Debt. That is almost 38%.
Lloyd Lofthouse

Dec 2, 2012

The Evolution of a National Burden – Part 1/7

The US was born in debt and every war added to the debt until the Reagan era when deficits exploded.