I’m adding the “so far,” as I’m almost certain that someone is going beat this record (though it’s a pretty-good record)…
According to the Cato Institute:
The Treasury Department reported Friday that federal revenues reached $2.12 trillion ($2,120,000,000,0000) for the first ten months of fiscal year 2007. In both current and inflation-adjusted dollars, that puts the federal government on course for the most revenue it’s ever collected in a year. Indeed, it’s the most revenue any government in the history of the world has ever collected. And yet it’s not enough to satisfy the voracious appetites of the spenders in Congress and the administration. Spending was $2.27 trillion for the same ten months.
Remember when the GOP was all about reducing taxes and government spending? Yes, as my friend Jason once said: “They spend more money than a bunch of drunken liberals.”
3 users commented in " Bush: The Biggest Taxer in World History… so far "
Follow-up comment rss or Leave a TrackbackI’m a little curious how people on the left who are so critical of “voodoo economics” explain the fact that revenues are so much higher in the face of the large Bush tax cuts they’ve spent so much time complaining about.
The revenue record is shameful. The fact that our government is going to spend even more than that record breaking revenue they’re getting is even worse.
I’m with Jeremy. Having a record take is bad enough, but when it can’t even cover your out-of-control spending…
Jerm - I thought that the theory of Voodoo Econ was that the government gave all the taxes to rich and, after a time, it “tricked” down to the middle class. What does Reganomics have to do with Record revenue and record spending?
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