The following sentence was from an article about the budgetary battle going on between Obama and the GOP. "The federal government's tax revenues are at their lowest level in 60 years, when measured against the size of the economy, largely because of a weak economy and the extension of Bush era tax cuts approved in December, according to the nonpartisan Congressional Budget Office". This should be front-page material on every newspaper in the country. Until this fact is acknowledged, all talk of cutting domestic spending-social security and medicare-should be put on hold.
(Source: "Battle lines drawn over spending" by Stephen Ohlemacher of The AP. In The Virginian Pilot on 3/12/11).
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