Sean Renaud
The West Coast Pop
- Joined
- Feb 5, 2004
- Posts
- 59,548
There's no bullshit because yeah you did read it wrong.As my post says the 4.9 trillion includes state and local revenues. I used that statistic because it's best suited to refudiate James' claim that "we can tell the economy isn't growing because revenue isn't increasing".
Here are the federal-only revenue stats if you're interested.
2007: 2.6 trillion
2008: 2.5 trillion
2009: 2.1 trillion
2010: 2.2 trillion
2011: 2.3 trillion
2012: 2.5 trillion (projected, though with the updated job numbers we're looking at 2.6 trillion)
http://www.usgovernmentrevenue.com/fed_revenue_2012USrn
Okay, that's a lot more in line with what I thought was going on.