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To: RetiredNow who wrote (254462)	6/15/2010 5:30:33 PM
From: Les H	Read Replies (3) \| Respond to of 306849

As I explained to you, the surge in the deficit over the last two years is due to change in receipts and outlays for the Federal Funds column in the link I gave you. Receipts are down 500 billion dollars. Outlays are up 600 billion dollars. That has nothing to do with Social Security and Medicare which are classified under Trust Funds. taxpolicycenter.org If you add in the buildup in Military Spending since 2002, that accounts for the whole deficit problem over the last eight years. Now go back to the Federal Funds column under Receipts and see what the total tax receipts were in 1999 as compared to 2009. These are generally the revenues derived from income taxes, not social security and not medicare taxes. You can see that income tax revenues have completely failed to grow in 10 years in spite of an economy whose Gross Domestic Product is nearly 5 trillion dollars larger. Who's fault is that?