To further define this further, any analysis should consider present tax rolls as compared to their classical 1930's Great Depression era equivalents. What gives the issue an even more ominous pessimism is that we now have a garrison effect to our economy that Franklin Delano Roosevelt did not have to deal with, that is concurrent land wars in Asia and Africa.
Tax Rolls-It looks a lot like 1932.
Hardly a hostile source to President Obama, an NPR report title says it all when it says "Tax Receipts Fall Off Cliff; Worst Drop Since Depression." Now, we can more profitably harvest figures, basically that at the August 2009 date of the report, tax receipts dropped 18%. This was the biggest single-year drop since the Great Depression. In other words, across the board, the basis for the "stimulus" is not...
A direct quote from the report speaks directly to the issue: "The last time the government's revenues were this bleak, the year was 1932 in the midst of the Depression (James)."
The Garrison State
Now, this author presents what may seem to be obvious: we must consider the wars, Iraq, and Libya. While historically speaking almost any historian will acknowledge that it was military spending that brought the U.S. out of the Great Depression by 1941, we did not have the very real effects of a garrison state that has effectively dominated the economy since the Korean War. Another neutral source to use for this is the Council
