Want 1950s Taxes?

 Accept 1950s Spending.

 "“In 2009 and 2010, federal government receipts stood a little below 15 percent of GDP,” said Paul Donovan, a global economist at UBS in London.

“Clearly the political focus at the moment is on federal revenues, and for the past two years, these have stood at the lowest level since 1950,” said Donovan.

The problem is that in the 1950’s, the federal government’s deficit stood at around 1 percent of GDP."

 H/T: Instapundit