Mt Whitney Zone Forums General Discussion Yosemite, Congress & Sequestering

Why have revenues been straved? They increased after the tax cuts early in the last decade, as they did after cuts in the '20s, '60s and '80s after similar cuts. Revenues decreased because of a decrease in economy activity. The deficit as percentage of GDP is projected to go lower...the word is predicted. I don't know how you get to 6% of GDP this year when economy growth is .1% this past quarter, as reported this morning.

To me, this is all circus. A game that everyone plays along. We have a spending problem. 25% of GDP sending is a problem. Europe is the wake up call everyone wants to ignore.