The Federal Coffers are Full of Empty
Happy days are here again -- for the Treasury:
Federal revenue will return to its pre-recession levels in 2013, according to projections from the Congressional Budget Office (CBO), setting a record for the most money the government has ever taken in.
In its latest Budget and Economic Update, the CBO forecasts that federal revenue will top $2.7 trillion in 2013, slightly higher than the $2.6 trillion the government collected in 2007, when the last recession officially began.
Funny how Washington takes in more and more money, but still has to borrow $1,000,000,000,000 or more each year Obama is in office.
Obviously, we have a revenue problem.
What shall we tax next?