Saturday, November 7, 2009

Cash Crunch, Press Silence: As ObamaCare Advances In Congress, Uncle Sam's Collections Continue Steep Drop | NewsBusters.org

Cash Crunch, Press Silence: As ObamaCare Advances In Congress, Uncle Sam's Collections Continue Steep Drop | NewsBusters.org: "The August Congressional Budget Office budget forecast for the fiscal year that began last month says that Uncle Sam will take in $2.264 trillion from October 2009 through September 2010. That's an increase of 7.6% over fiscal 2009's intake of $2.105 trillion.

Though it won't be official until Tim Geithner's crew releases its Monthly Treasury Statement next week, it's virtually certain that the government's collections will open the year in a deep hole compared to last year, and probably well behind what CBO expects.

Take a look at this compilation of key items from October's final Daily Treasury Statement, compared to the actual results from October 2008 and 2007:"

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