Monday, August 03, 2009

Government Revenue the Lowest Since 1932

I think these should be some sobering numbers.

The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

The problem is that Obama and Pelosi what to dump even more taxes on people even though they aren't getting too many revenues in the first place. The more I look at it the more I think Obama might just put us into a double dip recession.

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