In the 1950s, the US Economy was booming because is became the manufacturing center for the world. As Europe and Japan recovered from World War II, they were able to restore their manufacturing.
In the 1960s, the US Economy remained strong because US companies had developed the Integrated Circuit and continued to develop and apply new technologies.
US Economy 1960 to 2015
This period was marked by internal division over US Moral Values and Culture. Personal and Family Responsibility, Economic Self Sufficiency. Maintaining a Common Vision and the Importance of Assimilation were replaced by Lowering Moral Values, Environmentalism, Big Government Spending, Dishonesty and Cronyism.
Our
Great Great Grandparents had witnessed the Mexican War of 1846 to 1848 and
completion of US Expansion in 1848. They suffered from “waterborne” and other
diseases. They learned to read by reading the Bible and were largely
“homeschooled”.
In 1840, life expectancy at birth was around 40-42 years in the United States and some European countries, but was heavily influenced by high infant and child mortality rates.
Our
Great Grandparents had witnessed the Civil War in 1865, the completion of the
Intercontinental Railroad in 1869 and the population move to the West. They witnessed the application of
Refrigeration to preserve food, They witnessed the invention and development of
Structural Steel, the Automobile, the Airplane, the Telegraph the Telephone and
the Radio.
In 1865, life expectancy at birth was around 40 years in the United States, a figure heavily impacted by high infant and child mortality rates.
Our
Grandparents had witnessed the wealth created by the 1890s and the replacement
of
In 1885, the life expectancy at birth in the United States was approximately 41.1 years, though this figure is significantly lowered by high infant and child mortality rates. Life expectancy varied by location, gender, and race, with a global average of around 28.5–32 years during the 19th century.
Our
Parents had weathered the Great Depression, the Dust Bowl, and World War II.
They witnessed the rapid application of US technology from 1910 to 1980. Penicillin was invented in 1928 Antibiotics were deployed in 1940s.
In 1960, the life expectancy at birth in the United States was approximately 69.7 years for both sexes combined, while the life expectancy was 66.6 years for males and 73.1 years for females
In the 1950s, State Governments were unable to interest their voters in paying more taxes for their favorite “Pork Projects”. They convinced the US Congress to begin to subsidize local projects. This set up the competition between Republicans and Democrats to attract larger Campaign Contributions. Members of the US Congress concentrated on “bringing home the Pork”.
In the 1950s, the US Government conducted diplomacy by Bribery. Foreign countries collected “Foreign Aid” in exchange for “behaving themselves”.
US Government 1960 to 2015
U.S.
government spending grew from approximately $77 billion in 1960 to an
estimated $7.01 trillion in 2025.
The US national debt grew from approximately $382.6 billion in 1960 to over $37.6 trillion in September 2025.
Conclusions
Lenders have traditionally limited Mortgage Loans to 28% of available Annual Household Income to avoid default. The total US federal revenue for fiscal year 2025 was $5.235 trillion. 28% of $5.235 trillion is $1.4658 trillion.
The US National Debt is $37.6 trillion and we need to pay down the Debt to $1.4658 trillion. That means we have to have a surplus of $36.1342. This requires a balanced budget plus an annual surplus of $1 trillion/yr to pay down the Debt over the next 36 years.
US Nominal GDP is $30 trillion. US Debt to GDP is 125.3%. The US Federal Government needs to shift State funding back to the States and end funding of non-essential activities.
Norb Leahy, Dunwoody GA Tea Party Leader
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