Federal revenues grew by barely 1 percent, as “the developing recession precipitated a significant decline in corporate tax revenues,” which fell from $375 billion in fiscal 2007 to $307.5 billion.
The Peter G. Peterson Foundation said the report showed “an estimated $56.4 trillion in debts, liabilities and promises for Medicare and Social Security versus a total household net worth of $56.5 trillion.”
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Does it take over 25 years in public service to really know what goes on in Washington?
NFL junkie Eric Golub reports on his favorite obsession. There is no football offseason. Every February he pretends to care about other sports while sobbing uncontrollably each Sunday until September.
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