For Every $1 of Income Tax 'Revenue', the Fed Gov Has Issued $1 of debt

ZeroHedge reports  that 50% of all government funds are derived from debt issuance.

Laughably, the government predicts that the annual deficit will be cut in half by 2012, and GDP will increase by 6%.  Right...

Welcome to Banana Republic, U.S.S.A.

Posted by Eli Cryderman at 8/29/2010 9:55 AM
Categories: Dumb and Dumber Government

Previous Post
Next Post

 

What did you think of this article?




Trackbacks
Trackback specific URL for this post
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

I reserve the right to moderate comments as I see fit. Be civil and respectful and you can pretty much say anything you want. Be a jerk and you'll be gone.

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.