Hebrews 4:12

For the word of God is quick, and powerful, and sharper than any twoedged sword, piercing even to the dividing asunder of soul and spirit, and of the joints and marrow, and is a discerner of the thoughts and intents of the heart.

Wednesday, February 25, 2009

Great Depression?

Are you, like me, sick of hearing that our current Economic "Crisis" is the worst thing our Nation as been through since the Great Depression. However, the chart above proves the lie in that oft repeated statement. Clearly, what we are going through right now is not nearly as bad as the recession of the early 80's. And what did we do to get out of that recession? Ronald Reagan cut taxes, increased military spending and cut spending in many other areas. This led to the roaring economy of the 1990's and, with the exception of the blip after September 11th, 2001, has just now crashed nearly 20 years after the fact. And now we are being told that the only thing that we can do is to go into hyper spending mode, raise taxes on the "rich" and cut military spending, in the middle of a war. Is anyone out there waking up yet?

1 comment:

Anonymous said...

The people that need to wake up won't - or don't want to!

Love, Mom