Comments on: Economy down 1.7%, IRS Loot down 14% http://www.kennelson.com/newblog/economy-down-17-irs-loot-down-14-4143 Politics, Technology, and other stuff from St. George, UT Fri, 10 Sep 2010 19:53:41 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Ken http://www.kennelson.com/newblog/economy-down-17-irs-loot-down-14-4143/comment-page-1#comment-1834 Ken Fri, 24 Apr 2009 16:22:18 +0000 http://www.kennelson.com/newblog/?p=4143#comment-1834 So that implies a 1.4 trillion dollar deficit this year. Chump change! So that implies a 1.4 trillion dollar deficit this year. Chump change!

]]> By: TR http://www.kennelson.com/newblog/economy-down-17-irs-loot-down-14-4143/comment-page-1#comment-1832 TR Fri, 24 Apr 2009 15:58:47 +0000 http://www.kennelson.com/newblog/?p=4143#comment-1832 Big hole here! Average receipts indicate only ~$2.1T for $3.1T outlay (OMB) based on table above. Average receipts in Jan-Mar 2009 would drop 2009 receipts to $1.7T. Same as CBO. Gasoline and diesel tax receipts will drop a lot too. http://www.whitehouse.gov/omb/budget/fy2009/summarytables.html http://www.cbo.gov/ftpdocs/100xx/doc10069/04-2009-MBR.pdf Big hole here! Average receipts indicate only ~$2.1T for $3.1T outlay (OMB) based on table above. Average receipts in Jan-Mar 2009 would drop 2009 receipts to $1.7T. Same as CBO. Gasoline and diesel tax receipts will drop a lot too.

http://www.whitehouse.gov/omb/budget/fy2009/summarytables.html

http://www.cbo.gov/ftpdocs/100xx/doc10069/04-2009-MBR.pdf

]]>