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Religion & Law

: Constitutionally Correct

Share of Fed income swallowed by deficit-coverage borrowing jumps 566% in 3 years, IRS reports

By Alliance Alert

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CNS: "The federal government?s reliance on borrowed money to carry out its functions more than doubled between fiscal year 2008 and 2009, according to the Internal Revenue Service (IRS). Also, between fiscal year 2007 and 2009, borrowing as a percentage of federal income increased by 566 percent."

Full post as published by Constitutionally Correct on January 21, 2011 (boomark / email).

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