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Originally Posted by aceventura3
If you look at tax receipts, they are growing faster than the growth of GDP for now. If more taxes are being paid, it supports the fact that the economy is growing and is strong. Our economy doesn't grow without a strong "middle class."
http://www.whitehouse.gov/omb/budget.../pdf/08msr.pdf
page 4.
To me the issue goes back to controlling spending in Washington. |
ace..... tax receipts have increased less than 25 percent, since 2000....that's seven years:
$2.574 trillion now.....
<a href="http://72.14.209.104/search?q=cache:LK4mcAFfc4cJ:www.cbo.gov/budget/historical.pdf+2005+revenue+tax+revenue&hl=en&gl=us&ct=clnk&cd=7#2">$2,025.5 trillion in 2000.....</a>
How much has federal spending increased in that same time span? Hence, a $3 trillion increase in total US Federal Treasury debt.....