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Tax Revenues Projected to Hit All-Time High in 2013

conservative_one Wrote: Mar 05, 2013 11:23 AM
Those in power today seek only to spend more, tax more and grow gov't more. This all done out in the open, with the support and cover of a powerful media machine. The media hss their man now. When they realized this was their man they threw their woman, Hillary under the bus. There is quite literally an Obama cult in this country. Nothing he does can be bad because he IS. Blame can always be shoved onto someone or something else. The Communist/Socialist mission is all that matters and Obama is the leader of the cult. He Is the ONE.

The Congressional Budget Office anticipates that federal tax receipts will hit an all-time high of $2.7 trillion this fiscal year, yet the annual deficit will still clock in between $800 and $900 billion.  We have a spending problem:

An impasse over the shape of the federal budget keeps boiling down to this basic plotline: Democrats say the solution to high deficits must include more tax revenue, while Republicans say the fundamental problem is spending. Failure to reach a middle ground has prompted automatic spending cuts known as the “sequester” to go into effect. This wasn’t...