From Zero Hedge:
February was not an auspicious start to Obama's record budget deficit-busting plans.
The Daily Treasury Statement for the full month of February was just released, and it disclosed that while corporate tax withholdings, net of refunds, actually climbed marginally to $3.4 billion from $(3.4) billion in February 2009, individual tax withholdings plunged to a multi-year low of $30.7 billion.
Combined, the two items also posted a multi low of $34 billion, less than the previous recent low from February 2009 when the first leg of the Greater Depression was allegedly at its zenith...
Read full article...
More on the economy:
Marc Faber: U.S. debt is junk
Interest rates could rocket 50% higher
Over 820,000 jobs will disappear tomorrow morning
