Monday, August 03, 2009

Whoopsie! Forgot the Revenue Side!

Just adding a few $Zillion to the deficit here. AP reports:

[Federal t]ax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

...Individual income tax receipts are down 22 percent from a year ago. Corporate income taxes are down 57 percent. Social Security tax receipts could drop for only the second time since 1940, and Medicare taxes are on pace to drop for only the third time ever.

No problem. Simply print brand-new currency just like Zimbabwe. Put Obama's picture on it.

5 comments:

Typical Fag said...

typical fag blog post.

J. Strupp said...

Or raise taxes on the top .1%.

That's a viable option too.

Anonymous said...

Or start taxing everyone.

Josh said...

They already tax everyone.

Neo-Con Tastic said...

Josh:

The US doesn't tax everyone. I think some 35% of the population is cleared from any income tax... not to mention the 20 million illegals.

However, I'm unclear of what anony is implying.