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  1. At least for October, revenues were ahead of 2007 rates (in current dollars). However, Obama wants an effective top rate of 50%.

    Comment by steveegg — November 13, 2012 @ 5:10 pm

  2. Yet the press and Democrats (basically one and the same) call any reductions which threaten to reduce the new artificial spending baseline “deep” cuts. No, they’re not. They would be part of a return to sustainable sanity.

    It’s all a sales gimmick to the base and the moochers who voted for Obama. The GOP will always take the fall for any reduction, not matter how much Obama has larded up the spending in the first place. The MSM is still selling the idea of a recession if the GOP doesn’t agree with the Dems. Never mind we are already in a recession. In fact I saw one person selling the idea that a pre-recession will be caused due to wrangling over the Fiscal Cliff compromises before Jan 1, 2013. Watch for the MSM to unexpectedly discover the economy is now in a recession but blame the GOP for foot dragging on the issue and from causing uncertainty.

    Comment by dscott — November 13, 2012 @ 5:48 pm

  3. [...] Year-Over-Year Deficit Worsens in October, and the Problem Is Spending, Not Receipts [...]

    Pingback by Year-Over-Year Deficit Worsens in October, and the Problem Is Spending, Not Receipts | PERSUASION IN INK — November 14, 2012 @ 1:01 pm

  4. [...] Monthly Treasury Statement (I did a review of his initial take yesterday [at NewsBusters; at BizzyBlog]). The good news is that Crutsinger, unlike in most months during the past several years I have [...]

    Pingback by BizzyBlog — November 14, 2012 @ 4:12 pm

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