UK Bubble UK Economy
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.
2 comments:
Anonymous said...
3. Print money.
20 August 2009 at 08:08
Anonymous said...
4. Restore growth an keep taxes the same but on an increased base.
20 August 2009 at 09:15
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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.
2 comments:
3. Print money.
4. Restore growth an keep taxes the same but on an increased base.
Post a Comment