09 Jul 2006

The Times On the Record Federal Tax Receipts

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In Today’s Times, reported Edmund L. Andrews grudgingly acknowledges “surprising” (and soaring) federal revenues, and undaunted by mere facts, demonstrates how to spin one’s way out of such damaging admissions.

Democrats and many independent budget analysts note that overall revenues have barely climbed back to the levels reached in 2000, and that the government has borrowed trillions of dollars against Social Security surpluses just as the first of the nation’s baby boomers are nearing retirement.

Just treat the democrat partisan slant as conclusive, throw in some unspecified “independent analysts” ‘ opinions as confirmation, and point accusingly at federal standard budgetary operating procedure (spending Social Security revenues) as supposedly unique to this administration and this congress.

John Hinderaker goes after the Times story here.

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