Wednesday, July 14, 2010

OT: Running on Empty

by Jackson Browne. (It should be the theme song for the US stock market.)

It should be the theme song for the federal government, too. $1 trillion-plus deficit in the first 9 months of the fiscal year 2010, just like the last fiscal year. Receipt from individual income tax is set to be 4.4% LOWER than last year. So much for "economic recovery". Of course there will be no double-dip. The economy as experienced by Main Street hasn't even recovered the first time yet.


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