Tuesday, May 13, 2014

It's not a problem with revenue - it's a problem with spending.


Federal tax revenues continue to run at a record pace in fiscal 2014, as the federal government’s total receipts for the fiscal year closed April at $1,735,030,000,000, according tothe Monthly Treasury Statement.
Despite this record revenue, the federal government still ran a deficit of $306.411 billion in the first seven months of the fiscal year, which began on Oct. 1, 2013 and will end on Sept. 30, 2014.
And the government spendthrifts will grow the debt and the deficit until they destroy us.  What the solution is, short of revolution, I don't know.

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