48% - "This emphasizes the important point that 'government take is now 48%! - - AAPS testimony to House Ways & Means Committee Subcommittee on Health, 11-5-75 MAPS "This chart shows that wild government spending has increased the public debt from $43 billion in 1940 to $596 billion in 1976. The Secretary of Treasury says the federal government will have to borrow $70 billion in this fiscal year, and may have to borrow $86 billion more in fiscal 1976. This will mean that the government can do only one thing: run the printing presses!" - AAPS testimony to House Ways & Means Committee Subcommittee on Health, 11-5-75 $682 "This chart shows that the cumulative spending of HEW since 1954 is billion. This is $86 billion more than the total indebtedness of the United States. This means that HEW has spent $3,232 per person for every man, woman and child in the United States -- more than $12,000 for every family of four. The HEW cumulative-spending curve now stands almost vertical!" AAPS testimony to House Ways & Means Committee Subcommittee on Health, 11-5-75 "This chart shows the enormity of HEW spending in relationship to spending for defense, interest on the debt, the space program, and other major departments; and that HEW spending is almost double the $64.6 billion annual rate of savings of all citizens reported in Oct. 1974. Obviously, HEW can continue its unbridled spending only through use of printing-press money." 11 AAPS testimony to House Ways & Means Committee Subcommittee on Health, 11-5-75 |