FRONT PAGE CONTRIBUTOR
Tax revenues hit below the waterline this year.
(Via Gateway Pundit) Get used to this graphic, because you’re going to be seeing it a lot:
These numbers, of course, reflect percentage changes in tax revenues, not the amount collected. For that highly depressing number we’ll go to Heritage:
…which by the way indicates that the gap between tax revenues and federal spending suddenly started to accelerate somewhere around 2007. Which is about the time that the Democrats got back Congress, oddly enough.
If you’re still in a mental state where you’re not motivated to do something about this insane financial free fall that the Democrats have signed us up for, I suggest that you read this AP report closely. Particularly the bits where it notes that the worst-case scenario on Social Security insolvency has the first crisis point hitting at 2013 now. Not as far away as it used to be, is it?
PS: Remember this?
This is the problem with the Democratic party’s strategy of deciding that the Social Security crisis was best to be solved by the future; I happen to live there.
Crossposted to Moe Lane.