eftychia: Me in kilt and poofy shirt, facing away, playing acoustic guitar behind head (Default)
Add MemoryShare This Entry
posted by [personal profile] eftychia at 05:26am on 2008-09-03

From the Quotation of the day mailing list, 2007-01-07:

"Even if the federal government raised individual and corporate income taxes to 100 percent, simply confiscating every penny every business and person in the U.S. made, we would still have a federal deficit."- John Williams of Shadow Statistics

http://www.shadowstats.com/cgi-bin/sgs/article/id=882

(submitted to the mailing list by Duffy O'Craven)

There is 1 comment on this entry. (Reply.)
 
posted by [identity profile] en-ki.livejournal.com at 09:15am on 2008-09-03
I'm not sure I get that. Their biggest deficit number is $4.6 T, which is around 1/3 of GDP. Way back in my economics classes, total income was equated to GDP.

Links

January

SunMonTueWedThuFriSat
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24
 
25
 
26
 
27
 
28
 
29
 
30
 
31