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.
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.
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