tag:blogger.com,1999:blog-7334408760351487944.post6329275295249159400..comments2023-11-12T06:43:00.060-05:00Comments on Notes on Social Security Reform: What drives the long-term budget deficit -- spending increases or falling taxes?Andrew G. Biggshttp://www.blogger.com/profile/16617460431856611873noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7334408760351487944.post-45380048843807802442010-04-23T02:59:21.064-04:002010-04-23T02:59:21.064-04:00Very interesting article! I love the taxes or spe...Very interesting article! I love the taxes or spending as % of GDP measures. <br /><br />I wonder what the average tax and spending as a % of GDP values have been over the past 50 years, but just counting years where the budget deficit has been less than 3% of GDP (which I think is a standard goal of keeping deficits at least under 3%GDP). By just focusing on these successful years, the averages could yield good potential goals for the upcoming deficit commission.shoffy22https://www.blogger.com/profile/00422451485554269433noreply@blogger.com