That article says Federal tax revenues are down a staggering 34% YoY for this past April.
Those figures, all by themselves, are enough to crash our fiat currency, the equity market, and the bond market - especially Treasuries.
But apparently the day of reckoning isn't coming until all the prudent bears are wiped out. So no one will be unscathed.
Al Gore might very well be proven right about a global apocalypse....even if he may have been *slightly off* on the details!
2 comments:
It's certainly getting interesting.
They will just create another tax...
http://www.foxnews.com/politics/2009/05/28/national-sales-tax-chatter-draws-fierce-opposition/
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