Wednesday, August 19, 2009

How to run up a double digit deficit

US federal tax receipts are down about 15 percent. With that sort of revenue decline, it is easy to run up a double digit deficit.

There are only two ways out of this problem; raise more taxes or cut expenditure.
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2 comments:

  1. AnonymousAugust 20, 2009 at 12:08 AM

    3. Print money.

    ReplyDelete
  2. AnonymousAugust 20, 2009 at 1:15 AM

    4. Restore growth an keep taxes the same but on an increased base.

    ReplyDelete

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