The Tax Receipts Are a Disaster

New York is down 40% on collections, which would compute to about 8% decrease on the federal side. Mike Green called me up a week or two ago and said, uh. Do you realize that all these states are going to blow the hell up? And I was like, what do you mean? Because the tax receipts are a disaster. If you look back over the past 10 years of federal borrowing, you know, we have just taken it to the moon and beyond.