Independent thinker
Diamond Member
- Oct 15, 2015
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The left would have you believe that a lot of inflation is due to greedy companies taking advantage of us by greedily raising prices to make more profits while the rest of us suffer from their higher prices. Apparently that is debunked. The actual truth and facts are that federal tax revenue receipts are down because company profits are down.
Why US Tax Revenues Have Been Smaller Than Expected
As the Treasury Department warned last week, the drop-dead date for raising the debt limit could arrive as soon as June 1, earlier than most analysts had expected just a few weeks ago. The main reason the so-called X-date – the day on which the U.S. runs out of cash to meet its obligations – has...
www.yahoo.com