Coin-operated government

By: John Hayward  |  March 5th at 02:05 PM  | 

The Associated Press reports that “federal revenue collections hit an all-time high in April, contributing to a further improvement in the budget deficit for the year.” Releasing its monthly budget report, the Treasury Department said Thursday that through the first seven months of this budget year, the deficit totals $80.8 billion, significantly below the $184.1 billion imbalance run up during the first seven months of | Read More »

Obama blows $800 billion in additional tax revenue

By: Dan Spencer (Diary)  |  July 23rd at 09:14 AM  | 

Blame Obama’s insatiable insistence on more and more taxes for the collapse of the debt ceiling negotiations. In the Los Angeles Times, Peter Nicholas and Lisa Mascaro tell us that on Sunday, July 17, Obama and the Republicans had agreed upon “$800 billion in revenue increases.” On Tuesday, July 19, the Gang of Six unveiled its deficit reduction proposal that included more than $1 trillion in | Read More »