Largest Drop in Federal Tax Revenues Since Great Depression

August 3, 2009 Posted by Trenton Hansen

Remember how irresponsible the Liberals said George W. Bush was for spending money on Iraq when the economy was in such bad shape, by their reckoning?

Well, he doesn’t hold a candle to Obama’s spendfest in the face of the single largest one-year drop in tax revenues since the Great Depression.

At this rate, Social Security is on track to collapse by 2037, earlier than previous estimates.

Source: Associated Press

Associated Press Image

Share

2 Responses to Largest Drop in Federal Tax Revenues Since Great Depression

  1. rmwarnick says:

    And if President Obama had started out by canceling Bush’s tax cuts for the rich, wouldn’t you be whining about Democrats always wanting to raise taxes?

    BTW, what if President Bush had succeeded in privatizing Social Security, the last defined-benefit retirement plan most Americans can depend on, just before he crashed and burned our economy?

  2. Ryan says:

    You again?

    When are you going to get it, man? Both Bush and Obama have been on the wrong side of the economic issues. The point of the post is that Obama is just making it worse, faster.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>