LogikAndReazon
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- Feb 21, 2012
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Economic "Understanding" from a Community Organizing point of view
In fiscal year 2011 (see table S-1), the federal government acquired $2.303 trillion in tax revenues and other receipts. It spent $3.603 trillion — 56 percent more than it had available to spend. The resulting deficit was $1.3 trillion.
http://www.weeklystandard.com/blogs/7-eleven-presidency_654846.ht
In fiscal year 2011 (see table S-1), the federal government acquired $2.303 trillion in tax revenues and other receipts. It spent $3.603 trillion — 56 percent more than it had available to spend. The resulting deficit was $1.3 trillion.
http://www.weeklystandard.com/blogs/7-eleven-presidency_654846.ht
