Page 2 - Historical Average News Today

For most of the ninety years since James Truslow Adams coined the term American Dream, most Americans still believed the fairy tale of the American Dream, that no matter how humble your beginnings, everyone had a fair chance to become a success in America, based upon your individual talent, intelligence, work ethic and a society that rewarded those who exceled. Sadly, that dream is no longer achievable for most Americans. Our society has devolved into an oligarchy since The Epic of America was...

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And interest right now, the trajectory of debt, deficit and interest will match any of the pigg countries. portugal, italy, spain, match it. of course, were lots bigger. >> the healthiest horse in the glue factory. so what can be done. >> yeah. >> to fix the debt. >> look, the reality is our debt to gdp is 73%. the historical average is 40%. the highest in history was 180% after world war ii. in ten years well be at 85%. now you start getting close to italy and some of the other countries that h...

The historical average is 18% going to the federal government. one way to get more money is cap deductions. if you limit deductions to $50,000 per punish person, to take care of the missed-class person and then some, you could raise $750 billion in new revenue. to do what? to pay down the debt. we need more money to get out of debt. and to lower tax rates for corporate rates and other rates to create more jobs. i am willing to put revenue on the table to pay down debt and create a better economy...

Projected spending but we will have to have more revenue thap the historical average. how you achieve that matters and when you achieve it. we should do it through comprehensive tax reform and basically, in this tour, well try to help people understand what the key principles are that are necessary to get bipartisan support. >> i hear what you are saying david. but how do you fix that log jam? how do you compromise? >> two ways. this is not a partisan issue. the truth is, president george walker...

to a year earlier. an associate professor at columbia university. well see what we can get those two to agree on. i want to start with assistant managing editor for "time" and co-wrote "the wimpy recovery." in the piece you asked people to honk if you feel the recovery. the signs are there but no honking. >> you dont hear honking in the streets. were in recovery. in fact, weaver been in recovery for two years. it really says something, a lot of us arent feeling it. the numbers are ther...

A lot of things that seem to important today arent going to be important a year from now when were focused on the different platforms and ideas. this is truly an election about ideas and governing philosophies. >> now, governor, you brought up the issue of the government spending as a percent of gdp. but revenues as apercent of gdp are at lowest levels in some 16 years, below 50%. thats an issue, too. is it all spending cuts? youre not for any sort of way to raise revenues, potentially having to...

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