The Amazing Disappearing Tax Revenue
Officials, Economists Ponder Whereabouts

by Jonathan Weisman
Washington Post Staff Writer
Saturday, July 26, 2003; Page E01

EXCERPT: The exploding federal budget deficit has triggered fierce recriminations among politicians over who is to blame, but in Washington’s less-partisan budget circles, the White House’s projected $455 billion deficit for 2003 has underscored a growing mystery: Where has all the tax revenue gone?

“No one knows,” said Douglas Holtz-Eakin, the director of the nonpartisan Congressional Budget Office. “Not answering the question is just admitting our ignorance.”

This would be funny, if it wasn’t so pathetic . . .

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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