Thursday, 20 August 2009

How to run up a double digit deficit

US federal tax receipts are down about 15 percent. With that sort of revenue decline, it is easy to run up a double digit deficit.

There are only two ways out of this problem; raise more taxes or cut expenditure.


Anonymous said...

3. Print money.

Anonymous said...

4. Restore growth an keep taxes the same but on an increased base.