[Kaslin]

The rest of the title is: even though Fiscal Burdens Increased?

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More in the link

[PieterCasparzen]

While these numbers, both past and future, are a bit depressing, they also present a challenge to advocates of small government. If taxes and spending are bad for growth, why did the United States (and other nations in the Western world) enjoy considerable prosperity all through the 20th Century?

Tax dollars and dollars the government borrows via international banking...

<<<<----- get funneled back to

companies that sell products and services to the government.

It looks like an economy where the people are well off because a lot of business revenue is flowing.

But the effort is going to make things for government, which are not necessary to produce.

One must consider the alternative to do a valid comparison: what would it have been like if government both did not tax so much and did not spend so much ?

Companies would have made far more products and services that were sold to business or to people. People who were employed making things for government or directly by the government would have instead worked at producing those products and services.

Absent the pushing of international banking / globalism to increase government spending and thereby borrow more, if spending were minimized, borrowing could be eliminated.

Any shortfall from taxes could be replaced by government simply creating its own money.

Instead of $17 trillion in government debt (which means $17 trillion in future taxes at the least, just to pay back the debt), we would have $0 in government debt.

This shows how the "prosperity" the author speaks of was a sham prosperity. The government spent trillions it did not have, and put taxpayers on the hook for it.

[VRW Conspirator]

World wide economic collapse! Story at eleven.

[Wuli]

“Most of the improvement took place in two stages, before 1910 and after 1980.”

(1910) Pre-Federal Reserve and (1980) post-Reagan/Thatcher

[ProtectOurFreedom]

If taxes and spending are bad for growth, why did the United States (and other nations in the Western world) enjoy considerable prosperity all through the 20th Century?

Because PRODUCTIVITY rose faster than government could confiscate the new wealth with increased taxes. There were revolutions in power generation, steel making, pharmaceuticals, medicine, transportation, cheap petroleum, electronics, and networking (and a dozen more areas, I'm sure). If the pie was expanding faster than the damned government could grab it, yes, we were all better off. Unfortunately, productivity gains in all these sectors are flat now and government is growing at an astronomical clip. Worse, government intrusion in all parts of the economy is leading to flatlined innovation, so future productivity gains will be nil. We are in for big trouble.

[DanZ]

“And thanks to demographic change and poorly designed entitlement programs, “

Nothing new under the Sun. - “poorly designed entitlement programs” = War.

I need some of what you have, Hey Jimmy, lets go takes Boby’s Stuff. We’ll call it Redistribution.

[Jonty30]

Because they borrowed from their productive futures to maintain an unsupportable present, that’s how.

[TalBlack]

There is another reason: Greater and rising Efficiency in locating harvesting energy. Rising efficiencies of technologies etc... The techno/economic environment wasn't static.

[RockyTx]

this story is partly true,
but is not the problem.
...................
how does society operate,
when only 10% of people need to have jobs.