Whoops! Sorry, Buck! (my bad)
I owe you an apology!
As the NFL retirees say...upon further review, the 224% increase in GDP is already net of inflation - it's real GDP.
You're right, the 'real' economy has grown slightly faster than federal spending, if we assume that federal spending has doubled in constant dollars since 1974.
Still, having more revenue is no valid reason to spend more, not by itself.
I'd still keep a tight lid of spending levels until that $5.8 trillion debt is paid off.
