Category Archives: government

More on Taxes and Spending

In an earlier post I presented data on income tax revenues before and after the Bush tax cuts. These revenues rose after the tax cuts and then fell with the severe economic downturn of 2008. Below is a more recent graph that shows both government revenues and spending. They seem to show that the greater spending the…

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Educational Thought of the Day – Farm Income and Dept of Agriculture

US farm income in 2011 is estimated by the Department of Agriculture at $94.7 billion. The Department’s 2012 budget is 145 billion. For a comment on this wonderful achievement in the Wall Street Journal go here. Interestingly the commentator underestimates the Department’s budget. No further comment, at least by me, is needed.

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