Tuesday, March 5, 2013

Tax receipts on pace to hit record $2.7T this year, congressional report says

Obama got his tax increases without cutting spending; now he wants more tax increases but still will demagogue any cuts the Republicans propose. Are the press totally incapable of seeing this?

Fox News   "As President Obama launches into the next phase of budget negotiations with Congress, recent estimates may lend credence to Republican claims that the federal coffers are well fed on taxes. "....
"With the enactment of the sequester, Congress will cut deeper and deeper into discretionary spending. But costly entitlements will continue to grow, driving up the U.S. debt and also the annual interest taxpayers pay on that debt."
 

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