Putting the brakes on spending is also very important, IMO. When people are taxed more by the government, they have fewer dollars available to spend on everything else. For many, crunch time has already arrived for the middle class - what's going to happen if more of their money is taken in taxes? We are already seeing businesses like restaurants and other retail establishments in this area close, and I feel it's likely to continue. Sad....
A Canadian conservative is one who believes in limited government and that the government should stay out of our wallets and out of our bedrooms.
During FDR's term, we over 5% nine years, over 10% four years, and over 17% three years. No other president ever broke 10% and FDR did it four times.
Social Democracy for the 21st Century: A Post Keynesian Perspective: US Real Per Capita GDP from 1870–2001
You might be looking at a chart that isn't adjusted for inflation. There were some years in the last 1800s that had really crazy inflation I think, so that could distort it pretty badly.