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#11
09-07-2005, 05:38 PM
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Re: Who paved the way for massive gov\'t spending...?
He started the income tax. Once the government had the means to get its hands on money, spending was inevitable. He also pioneered deficiet spending, so that even when the government couldn't get its hands on money it could still spend.
Whether his specific programs had merit is beside the point. What matters is he set up the mechanism and mentality by which the government has been able to increase its power. WWII helped alot too. 
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#12
09-07-2005, 05:43 PM
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Re: Who paved the way for massive gov\'t spending...?
[ QUOTE ]
He started the income tax. Once the government had the means to get its hands on money, spending was inevitable. He also pioneered deficiet spending, so that even when the government couldn't get its hands on money it could still spend. Whether his specific programs had merit is beside the point. What matters is he set up the mechanism and mentality by which the government has been able to increase its power. WWII helped alot too. [/ QUOTE ] FDR did not institute the federal income tax... link
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#13
09-07-2005, 05:46 PM
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Re: Who paved the way for massive gov\'t spending...?
Looks like 1942, 1943, and 1944 were the key years. In 1940, the federal government took in $6.5 billion and spent $9.5 billion; in 1941, the figures were $8.7 billion and $13.7 billion.
By 1942, the figures grew to $14.6 and $35.1 billion; in 1943, $24.0 and $78.6; and in 1944, $43.7 and $91.4. Receipts and outlays, which were 6.9% and 9.9%, respectively, of GDP in 1940, were 21.7% and 45.3% in 1944. It would seem that World War II, rather than the Great Depression, was the cause of the big growth in federal government spending, although FDR did spend a substantially greater % of the GDP than did Hoover even before WWII.
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#14
09-07-2005, 05:47 PM
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Re: Who paved the way for massive gov\'t spending...?
[ QUOTE ]
[ QUOTE ] He started the income tax. Once the government had the means to get its hands on money, spending was inevitable. He also pioneered deficiet spending, so that even when the government couldn't get its hands on money it could still spend. Whether his specific programs had merit is beside the point. What matters is he set up the mechanism and mentality by which the government has been able to increase its power. WWII helped alot too. [/ QUOTE ] FDR did not institute the federal income tax... link [/ QUOTE ] I knew the 16th Amendment was in the 1910's, so I came across the same article. "The withholding tax on wages was introduced in 1943 and was instrumental in increasing the number of taxpayers to 60 million and tax collections to $43 billion by 1945." I guess that's what he meant.
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#16
09-07-2005, 05:50 PM
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Re: Who paved the way for massive gov\'t spending...?
[ QUOTE ]
"FDR probably spent the most to accomplish the least." Didn't we win WWII? I would say he spent the most to accomplish the most. [/ QUOTE ] And millions of people were put to work. Man that FDR was an underacheiver.
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#19
09-07-2005, 06:48 PM
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Re: Who paved the way for massive gov\'t spending...?
[ QUOTE ]
Do you credit getting out of the depression more to the economic boom of WW2 or FDR's many social programs. [/ QUOTE ] World War II. (I haven't been on these boards in a while.)
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#20
09-07-2005, 06:49 PM
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Re: Who paved the way for massive gov\'t spending...?
Even the historians are now starting to admit that the New Deal was a failure in terms of getting out of the depression and that it took WWII to truly end it.
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