Damn borrow and spend Republican deadbeats.
Tax Revenue at 44-Year Low In Proportion to U.S. Economy
Saturday, October 11, 2003
Federal tax receipts relative to the overall economy have reached their lowest level since Dwight D. Eisenhower was president, while government spending has climbed to the highest point since Bill Clinton declared the era of big government over, according to new figures released by the Congressional Budget Office. …
"We still have the same outlook for the future," he said, referring to the CBO's August projection of deficits totaling $1.4 trillion between 2004 and 2013.
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Tax revenue has now fallen for three successive years, which hasn't happened since the Great Depression. Since receipts peaked in 2000, they have fallen by $242 billion, or 12 percent.
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