Monday, November 26, 2012

RealClearMarkets - The Fiscal Cliff? Let's Rush Off Of It

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.

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