IRS Collected a Record $1.91 Trillion in Taxes, but Still Runs a Deficit
Even more of your unspent-but-hard-earned money is being wasted, yay! Photo by BrookingsInst
Continue ReadingArticles relating to: budget deficit
U.S. Gov’t Collects Record-High Tax Revenues but Still Runs a Deficit
Only in America can this happen. Seriously?!
Continue ReadingU.S. Gov’t Collected $2.88 Trillion in Taxes, But Has $529 Billion Deficit
How is this possible? You collect over $2 trillion in taxes, but have a budget deficit of $529 billion?!
Continue ReadingCBO says Deficit, Public Debt will Double the Next 10 Years
The CBO isn’t one to lie about it, as they’re a non-partisan budget office, so this is bad news: The deficit is estimated to more than double in 10 years, which is projected to push debt held by the public up to 77 percent as a percentage of Gross Domestic Product (GDP), according to Congressional […]
Continue ReadingGOP could end Sequestration and Increase Spending
So much for standing firm on cutting government spending via sequestration, GOP.
Continue ReadingProps to the Washington Post…Seriously
This morning, the Washington Post home page had a link to this article, “Biggest cuts in U.S. history? Well, no.” The article fact checks President Obama’s and Speaker Boehner’s claim that the recent budget deal was “the largest annual spending cut in our history” (in President Obama’s words). Reporter Glenn Kessler points out in the […]
Continue ReadingMay 2016
5/12/2016 - IRS Collected a Record $1.91 Trillion in Taxes, but Still Runs a Deficit
January 2016
1/14/2016 - U.S. Gov’t Collects Record-High Tax Revenues but Still Runs a Deficit
September 2015
9/12/2015 - U.S. Gov’t Collected $2.88 Trillion in Taxes, But Has $529 Billion Deficit
August 2015
8/27/2015 - CBO says Deficit, Public Debt will Double the Next 10 Years
April 2015
4/20/2015 - GOP could end Sequestration and Increase Spending
4/13/2011 - Props to the Washington Post…Seriously