October 2009 Monthly Treasury Statement Released
Otherwise known as the latest installment of, “If We Keep Going Down This Road, We Are Soooo Bleeped”:
A look at the detail shows that corporate income taxes were negative for the month.
Receipts are falling through the floor, and Congress wants to blow untold trillions on statist health care.
Last year’s October disbursements were distorted by TARP. This year’s is apparently distorted by permanent ramp-up in spending.
Hopefully I’ll have more to say later.
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