Let us look at government spending in a
context that makes some sense. The Obama admin likes to play music
chairs with their data so don't be surprised if these links quit
working. The Obama admin is not as transparent as they pretend to
be.
Lets open up a document that gives us
the GDP:
Save that document on your drive and
save it as gdplev-JDAYER_is_FRICKING_AWESOM.xls or you can make up
your own name. I actually used gdplev-a. (I think spelling awesome
wrong plays well into the morons who think I am masturbating mentally
to prove my own self worth, it would never occur to those idiots that
I just want to share something that should be obvious).
Delete everything but column A and
column B.
Now you have a list of the GDP for
years 1929 to 2012.
Open up:
Save this on your hard drive and then
save a copy we can mess with.
Delete everything but columns A, B and
C in the copy.
Delete row 83.
Copy cell B35 to C118
Paste the data into the gdplev sheet we
copied, select cell D9 (or whatever) and then paste. You should have
GDP data (in billions) aligned with Tax Receipts and Outlays
(spending) (in millions) from 1929 to 2012.
There are several formulas we can use
to derive the percentage of tax receipts and percentage of spending
based on GDP.
My
favorite equation, =((D9*100000)/((B9*100000000)/100))
Another
slightly weird equation, but, usable, =(D9/B9)/10
(millions are 1,000th so if I divide by an extra 10 it gives me
hundredths)
Another
equation, ==(D9*1000000)/(B9*1000000000)
We
have to remember that the GDP numbers are in billions and the tax
receipt and outlays are in millions so we have to convert. You are
welcome to use your own equation as long it represents an accurate
ratio that we can compare to other years.
Put
the equation in cell F9 and then double click on the lower right
corner of cell F9 to auto fill. This gives us tax receipts as a
percentage of GDP. Is the taxation ratio lower or higher than other
years?
In
cell G9 we need a similar equation,
=((E9*100000)/((B9*100000000)/100))
where we use the outlays so we can compare the percentage of GDP
spent by the government.
Lets
look at Obama's spending.
Obama
is collecting a lower percentage of GDP in taxes and is spending more
of GDP. Obama is actually collecting a higher percentage of taxes
from the middle class and has lowered the effective tax rate of those
making in excess of $1,000,000.00 I'm not going to describe how to
check that data here, but, I'll give you a clue how to do it.
Download the data from the IRS website.
This
is not rocket science people. It is really easy to figure out for
yourselves. Quit being robots that believe what you want to.
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