Conservative radio and tv personalities being hypocritical?

[Gissurjon]

Read the top of the graph, it says inflation-adjusted Dollars. So Yes I did.

Yes the increase in population will raise spending gradually as it shows from 1965 to 2000.

Now look after Bush and Obama took office. Spending shot up through the roof. The increase due to an aging population would have kept the spending on the same steady rise since 1965. It is laughable to claim this spike in the last 10 years was due to the aging population.

Even a 10 year old can look at this graph and tell you spending is the problem.

Have you ever heard of the post WW2 baby boom? It's where the people of that generation get the name "baby boomers".

Do to the boom, there are proportionally more people retiring now and in the near future, than ever before.

I learned that in my joke GED class (took the GED because they were giving me hell about transferring college transcripts between countries)

 

[LAM]

US: Spending vs. Revenue Problem? - CNBC

Revenue is only an issue because of all the spending.

why has spending increased?

it "might" have something to do with the declining share of the national incomes that goes to labor. since 1970 the share of the national income that goes to labor has been declining. this tread started BEFORE globalization, NAFTA, etc. then you have to factor in the added population growth in that same time frame, it has increased by 100million since 1970.

* labors share fell to the lowest level since WWII during the recession.

Labor productivity growth has been robust and output per hour has risen by over 50 logarithmic points or 70 percent. By contrast, average real hourly wages have been virtually flat: measured in 1982 dollars, they grew just 4.4 percent, averaging $7.88 in 1981 and $8.23 in 2006.

the poverty rate in the US in 2009 was 43.6Million the highest rate in 51 years. as the tax rate for the top wage earners has decreased since 1980 it has increased for the lower 2 income quintiles.