The Fiscal Service has Federal revenue at 1.28% larger than OMB in 2012. If we apply that rate to 2000-14, there is no deficit. If we subtract 5,023 billion for returned monies (aka tax rebate), the deficit is much smaller--about 1/2 2000-14. So, what actually are our Federal Revenues? How much did they actually need: the deficit? I find this an interesting question.

Notice: Between the years 2000-14, total net borrowing, which is to day new debt (absent any type of forgiveness) is over 133 trillion. However, officially declared IRS Adjusted Gross Income was approximately 116 trillion. Even if you subtract growth in the economy from face value devaluation from such said loans, you end up with NO OVERALL SAVINGS, for there is a lien against all IRS declared income. I consider CAPITALISM to engender savings invested/reinvested absent a third party with their own interest/influence/concurrence in economic decisions. In net terms, we do not have savings and thus Capitalism in America 2000-14. I'd guess the pattern hasn't changed.

Just hanging out in lovely Massachusetts. The torture is free. :-)

Well, it finally looks like my politichatter.com site info has been hacked--expectedly. The site can be no longer contacted as secure. I just find this interesting.

ANOTHER OVERVIEW

OVERALL FINANCE TO CONTEMPLATE 1

OVERALL FINANCE TO CONTEMPLATE 2

OVERALL FINANCE TO CONTEMPLATE 3

TAX EXEMPT ORGANIZATIONS PART 1

TAX EXEMPT 2