Discussion in 'Economy' started by Quantum Windbag, Jul 14, 2011.
Just how bad will August be?
I dug up the link:
James Pethokoukis | Analysis & Opinion | Reuters.com
Essential problem shown by that chart is income is 210 billion for the month, outlays are 375 billion.
This is unsustainable. Short of doubling tax rates on everything there is no way we con cover that from taxes.
EXCEPT the revenues still outstrip the outlays but-for the category classified as "other spending."
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