Source: Department of Numbers
"Seneca had made the bargain that many good men have made when agreeing to aid bad regimes. Their presence strengthens the regime and helps it endure. But their moral influence may also improve the regime's behavior or save the lives of its enemies. For many, this has been a bargain worth making, even if it has cost them their immortal soul. The Rome he has been trained to serve, of Augustus and Germanicus, was gone. In its place stood Neropolis, ruled by a megalomaniac brat.” James Romm
Source: Department of Numbers
Income Tax revenue is taking a drop commensurate with the kind of slump which we are experiencing in domestic GDP.
But there is a bull market in government spending. This does not include much of the support being given to Wall Street banks and other 'off balance sheet' shenanigans.
Thanks to Escape From America Magazine for these charts.