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Willisms

« Surprising Iraq Casualty Stats | WILLisms.com | Quotational Therapy: Part 103 -- Democrats & Earmarking. »

Trivia Tidbit Of The Day: Part 343 -- Uncle Sam Awash In Cash.

Even With Substantial Spending Growth, Tax Receipt Growth Continues To Flourish-

2005 was a great year for government revenue growth, even amidst lower taxes (maybe because of lower taxes, if only partly). Government spending growth was swamped by revenue growth.

Well, 2006 is compounding that trend, through a comparable period (October through May) (.pdf):

fy06revenueoutpacingspendin.gif

Source: MTS (.pdf).

That's good news for those who seek smaller deficits. It's also good news for tax cutters.

Again, as usual, the bulk of the spending increases have been focused on national security, Social Security, Medicare, and Hurricane Katrina-related relief.


-------------------------------------

Previous Trivia Tidbit: Growth Is Good.

Posted by Will Franklin · 12 June 2006 03:10 PM

Comments

Don't know whether it's an anomaly or an indicator of things to come, but the May 2006 collections number by itself was 26.1% higher than May 2005.

Posted by: Tom Blumer at June 13, 2006 03:31 PM

This is just another example of the worst economy since Herbert Hoover.

Posted by: Cardinals Nation at June 13, 2006 04:41 PM