So If All of These People Are Out of Work Where's The Tax Revenue Coming From To Pay For The Democrat's New Programs? (solutions, money)

[LauraC]

Tax revenue is projected to be down 18 percent this year. Individual income tax revenue is down 22 percent from a year ago.

The Associated Press: AP ENTERPRISE: Federal tax revenues plummeting

Won't Individual income tax receipt percentages be down even further in 2010 with all of these people out of work this year (since you file your return in the subsequent year so that's when the number crunchers can assess it)?

How do you expect all of this "change" to be paid for? No, I'm serious. Give me your best guess.

I'm seeing local government loving red light cameras to make some money. In my town of approximately 27,500 they resulted in 3,942 citations (speeding and red light running) in their first month of operation and we only charge a $50 fine. I see some places charge $100.

[USNRET04]

Don't forgot the tax revenue from the small and medium sized business that have closed in the past 6 months.

The states are also hurting, sales and gas tax revenues are way down.

All I can guess is that they will continue to print money, there does not seem to be an end.

This is the major problem with the policy solutions to date: government has approached the problem as if it were a run of the mill recession, fixed by pumping massive amounts of liquidity into a system that is literally drowning in excess credit.

The only way to solve a solvency crisis is:
1. Pay down the debt
2. Consume less
3. Save more

Credit crises/normal recessions are fixed by:
1. Increased liquidity
2. Loose monetary policy

[motoracer51]

Tax the middle class.

That, and if they are really desperate, a VAT.

[Arjay51]

This is the question that the smoke and mirror government "fix" proponents do not want asked. They have no answer except to spend their way out of it.