- The Big Picture - http://www.ritholtz.com/blog -
The Amazing Disappearing Tax Revenue
Posted By Barry Ritholtz On August 5, 2003 @ 2:11 pm In Finance | Comments Disabled
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 . . .
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2003/08/the-amazing-disappearing-tax-revenue/
URLs in this post:
 The Amazing Disappearing Tax Revenue : http://www.washingtonpost.com/ac2/wp-dyn/A48107-2003Jul25?language=printer
Copyright © 2008 The Big Picture. All rights reserved.