Quote:
Originally Posted by lovecrowds
U.S. runs $107 billion budget deficit in August, Treasury says - MarketWatch
Wow, it's amazing the budget deficits and this a time of near-record low unemployment rates and after all the jobs that have been added over the last several years.
I wonder with so many new jobs month after month why federal tax reciept's arent keeping pace.
One has to wonder what the deficit numbers will be like when the baby boomers start retiring at a much higher rate then today and when the next recession occurs.
Only 4 years of the 18 years of baby boomers are Medicare are full-social security retirement age currently.
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Well lets see since that means da guberment is taking less money in taxes, it means more money is flowing in the economy employing people. Gee what a freaking mystery. Whatcha think was going on when the housing market was creating 200 billion a month?
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