'60s Retro Budget Plan by Republicans Unfit for Today

Center for American Progress We can't go back to the '60s Conservatives in Congress support a measure to limit federal spending at 18 percent of gross domestic product. The last time federal spending dipped under 18 percent of GDP was 1966, nearly half a century ago. Things have changed quite a bit since then. ESTIMATED LIFE EXPECTANCY AT BIRTH POPULATION 1966 2009 1966 2010 70.2 79.0 YEARS YEARS 196,560,338 MEDIAN AGE OF POPULATION 1960 2010 308,745,538 29.5 37.2 YEARS YEARS WOMEN'S CIVILIAN LABOR FORCE PARTICIPATION RATE PERCENT OF POPULATION OVER AGE 65 1966 2010 1966 2010 39.1% 58.7% 9.2% 12.9% AVERAGE PER PERSON COST OF HEALTH CARE AVERAGE SPENDING ON PRESCRIPTION DRUGS PER CAPITA sth $1,541 1966 1966 CECI $132 2009 $8,219 TOTAL OUT-OF-POCKET HEALTH 2009 EXPENDITURES PER CAPITA 1966 2009 $620 $989 $826 NUMBER OF PEOPLE IN POVERTY MAXIMUM MONTHLY SOCIAL SECURITY BENEFIT AT RETIREMENT 1966 1966 2010 28,510,000 2009 $714 $1,809 EDUCATION SPENDING PER PUPIL 43,569,000 1966 E $4,136 TOP SONG 2010 $12,272 1966 2009 I'm a Believer Tik Tok BY THE MONKEES BY KESHA U.S. GDP RELATIVE TO CHINA GDP 1966 2009 COST OF A GALLON OF GAS 1966 2010 3 TIMES THE SIZE 10 TIMES $2.15 $3.03 THE SIZE FEDERAL MINIMUM WAGE GDP PER CAPITA 1966 2010 1966 2010 $21,842 $47,910 $8.41 $7.25 All figures are in 2010 dollars