Revenues to the treasury were 4710.37 Billion in 2010, 4850.58 Billion in 2011 and projected at 5022.37 for 2012!! In short, revenues are UP around TWENTY FIVE PERCENT subsequent to the extending of the Bush/Obama tax cuts!!!! Why isnt our side starting every interview, every speech with this fact.
The PROBLEM is that SPENDING is up! In 2007 Washington spending was 4.9 Trillion. Forward to 2012 and spending has skyrocketed to $6.3 Trillion!!