Show These Charts To Anyone Who Thinks Debt, Spending, And Taxes Are At All Time Highs [View all]

[xchrom]

http://www.businessinsider.com/show-these-charts-to-anyone-who-thinks-debt-spending-and-taxes-are-at-all-time-highs-2013-4

Think debt, taxes, and spending are at all-time highs these days?
It turns out that belief is almost totally false.
A presentation from the Bureau of Economic Analysis includes three charts that everyone should see.
It turns out, taxes are lower than through most of history, debt as a percentage of GDP has been much higher in the past, and on government spending, only if you include transfer payments (like Social Security) is spending at a new high relative to GDP. If you look at actual government spending that doesn't go straight to people, it's low.