Today the federal government is collecting $2.67 trillion in revenue ($330 billion short of the Clinton-equivalent) and is spending $3.76 trillion. Yes, that's right; we are spending $987 billion more than if we increased the last Clinton budget for inflation and population growth. It sure looks to me like spending is the main culprit.
http://www.realclearmarkets.com/articles/2012/11/26/the_fiscal_cliff_lets_rush_off_of_it_100007.html
No comments:
Post a Comment