Votes: 4.84 Stars!
Loading...Sixty-nine percent of voters nationwide are angry with the policies of the federal government.
To understand why, it’s important to remember that most voters believe tax cuts and government spending cuts are good for the economy. Collectively, voters have voted for politicians who promised spending cuts and tax cuts in just about every election over the past four decades.
Barack Obama promised tax cuts for 95 percent of all Americans. George W. Bush’s across-the-board tax cuts were the centerpiece of his domestic policy. Bill Clinton promised tax cuts for the middle class. The first President Bush asked the nation to read his lips while promising no new taxes. And Ronald Reagan rode the tax revolt to the White House. Jimmy Carter ran as a fiscal conservative, and Richard Nixon was more fiscally conservative than Hubert Humphrey.
Despite that track record and clear expression of voter preferences, total government spending has gone up in America every single year since Bill Haley was topping the charts with “Rock Around the Clock,” a young singer named Elvis Presley made his first commercial recording, and Hank Aaron hit his first home run as a rookie for the Milwaukee Braves. That was way back in 1954, with Dwight Eisenhower in the White House.
In that bygone era, the average new house cost just over $10,000, a new car was under $2,000, gasoline was under 30 cents a gallon, and you could buy a magazine for 20 cents.
With those numbers in mind, some cynics might assume that government spending has grown over the past 55 years just to keep pace with inflation. Others might point out that there are a lot more Americans for government to serve today than there were back in 1954.
But the truth is that adjusting for population growth and inflation doesn’t even begin to account for the explosion of government spending. Since 1965, the year the Beatles played Shea Stadium and the miniskirt came to America, government spending has grown faster than the combined total of inflation plus population growth every year but one.
If government spending in America had just held pace with population growth and inflation since 1954, government spending today would total $1.3 trillion. Instead, spending this year will top $5.4 trillion.
And while the spending has been going up, it’s not as if voters have been shy about expressing their point of view. The past half-century has included the tax revolt, the Reagan Revolution, the H. Ross Perot movement and Clinton’s declaration that the “Era of Big Government” was over.
It’s important to note that from 1954 to 2010, Republicans controlled the White House for 34 years and Democrats for 22. Democrats controlled Congress for 44 years, and the Republicans for 12. So this long-lasting spending spree was enabled on a completely bipartisan basis.
All of this frustration building among ordinary citizens was finally unleashed in the fall of 2008 with passage of the Wall Street bailout measures. That became the single most hated piece of legislation in modern American history. It was supported by both parties in Washington and opposed by voters from both parties throughout the country.
Still, while the bailouts triggered the voter outrage and have created problems for both parties in Washington, this issue was really just the tip of the iceberg. The frustration has been building for so long that roughly eight out of 10 Americans living today have never been alive when government spending went down.