This is interesting.  When Will the Press Catch On to Uncle Sam’s Collections Meltdown?

Through March, federal receipts were running 14% behind the previous year. Each month during the fiscal year has trailed the previous year, and degree of the difference has steadily increased.

There are charts detailing the decrease in Federal intake by month and Treasury receipts by type of tax collected, which are way down compared to a year ago.

Just for the month of April the decrease is 39%.  Remarkable, considering that the economy shrank just 1.74% in the last six months of 2008.

You’d think it would rate a headline or two.

Speaking of income and outgo,the national debt is $11,198,173,016,379.78 today, with each citizen’s share being $36,588.04.

Thanks to Instapundit

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