Supply-Side Stunner: April US Receipts on Track for RecordThose of us, including myself, who thought that the supply-side boom in federal receipts had totally played out, as well as those who are concerned about the condition of the economy, have received a surprising bit of good news this month.
Old Media, which doesn't seem interested in looking for, let alone finding, good news, is not reporting a very interesting development. With two business days remaining in April, Uncle Sam's Daily Treasury Statement shows that federal receipts from income and employment taxes, before refunds, are actually ahead of all of April 2007:
BOTTOM-LINE: THE OVERALL ECONOMY IS NOT AS BAD AS THE DEMOCRATS AND THEIR ALLIES IN THE MSM WANT YOU TO BELIEVE.
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