Sunday 7 August 2011

Entitlements will consume all US tax revenue (about 18% of GDP)

No money for defense, none to pay congress either.  Projection past the point that congress stops getting paid is fantasy.    Source Hot Air linked to Heritage.org.



Total US tax revenue as a percentage of GDP
Tax revenue as % of GDP for last fifty years
Averages about 18%.
Source: Department of Numbers
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