Posted on 11/05/2009 11:56:24 PM PST by chuck_the_tv_out
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:
(Excerpt) Read more at newsbusters.org ...
bump.
The receipts for the state of Florida have fallen even more dramatically.
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