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We Will Look Like Greece

January 28, 2010

2009 federal deficit:  $1.414 trillion
2010 projected deficit:  $1.349 trillion
Average annual growth rate in revenue from individual income taxes, 1999-2008: +3.3%
Same for 2009: -20.1%
Average annual growth rate in revenue from corporate income taxes, 1999-2008: +4.9%
Same for 2009: -54.6%
Source: CBO. American Thinker
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