Thursday, May 21, 2009

Tax Revenues Are Tanking - Monetize More Debt

In 2007 and 2008, government tax revenues averaged about $633.15 billion per quarter. For the first quarter of 2009, however, the numbers just in tell us that tax receipts totaled only about $442.39 billion -- a decline of 30%. The situation is even worse for corporate income taxes, which were down a stunning 67%!

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