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re: Innovative plan for reducing national deficit

Posted on 12/22/19 at 4:19 pm to
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 12/22/19 at 4:19 pm to
Maybe taxes shouldn't have been reduced so much. The receipts are what has caused the deficit to increase and the deficits are also what has fckucked up the repo market.
Posted by Taxing Authority
Houston
Member since Feb 2010
57520 posts
Posted on 12/22/19 at 10:08 pm to
quote:

The receipts are what has caused the deficit to increase


2007 Tax receipts: $2.567T Spending: %2.728T Deficit: $160B

2019 Tax reeipts: $3.437T Spending: $4.529T Deficit: $1,091T.

Clearly we have a tax problem.
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