Isn’t it amazing that the ‘Truth’ in this post’s title proves itself right over and over again. The Govt. has been running ‘historic’ tax revenue collections and still manages to run multi hundred BILLION dollar deficits. Rather demotivating for everyone who is actually paying into the federal tax pools. Seems clear that no matter what words we hear from Washington, the ‘Song Remains The Same’; “No Matter How Much They Take It’s Never Enough”.
This article from Terrence P. Jeffrey pretty much sums up reality. Here are some direct quotes from his article;
“The federal government took in a record of approximately $765,645,000,000 in tax revenues in the first three months of fiscal 2016 (Oct. 1, 2015 through Dec. 31, 2015), according to the Monthly Treasury Statement released today.”
“It is also an increase of about $24,288,810,000 in constant 2015 dollars from the $741,356,190,000 in revenue (in constant 2015 dollars) As it was hauling in these record revenues, the Treasury spent approximately $981,190,000,000, and ended up the first three months of the fiscal year with a deficit of approximately $215,546,000,000, according to the monthly statement.”
Bottom Line – We need Leadership that can turn this ship around, it feels like a ‘Runaway Train’ with the crew passed out on the trottle. Status Quo = “Just Say No”.
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