Debits and credits

Now, this sounds like great news:

The government has hit a financial milestone -- taking in more money in tax revenue in a single day than ever before.
After totaling it all up, the Treasury Department announced Thursday that it had collected $61 billion on Wednesday [in second quarter estimated taxes]. The bulk of the revenue - $49 billion - came from corporate tax payments, also a one-day record for such receipts. The old mark was $46 billion set last Dec. 15. Wednesday's date, June 15, and Dec. 15 are both deadlines for corporations to make quarterly tax payments.

Until you realize this: The House is currently considering passing a $45 billion emergency war supplemental. That money would be in addition to the $82 billion supplemental for Iraq/Afghanistan passed in May 2005.

This math is Sesame Street simple.

The emergency war supplementals for May and June will total $127 billion.

The second quarter estimated tax revenues total $61 billion.

Which number is larger?