Posted on 09/14/2016 5:20:00 AM PDT by Olog-hai
With the additional $231,327,000,000 in taxes that the U.S. Treasury collected in August, according to the Monthly Treasury Statement released today, President Barack Obama has now presided over more than $20,000,000,000,000 in federal tax collections during the 91 full months he has served in the Oval Office.
From February 2009 through August 2016, the Treasury collected approximately $20,197,437,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements.
During those same 91 months, the federal debt rose from $10,632,005,246,736.97 to $19,510,296,242,765.66—an increase of $8,878,290,996,028.69. …
(Excerpt) Read more at cnsnews.com ...
The act of criminals running the country into bankruptcy. I favor a scratchy rope as a just reward for the vulture of Islam.
If they destroy the dollar, where would their money be?
Then ask a good college student millennial Snowflake, “your Federal Government spent 2 trillion dollars on your hehalf. It made a big difference in your life,right?”
Debt and fiscal unaccountability is what Liberals are all about.
In another country of course.
How much blame do we place on the elites in Congress for passing all that funding legislation. I thought they had the power of the purse?
It’s clear that the Fedgov knows no limits nor will ever impose any limits on spending. Regardless of republican or democrat control.
Future = tax hikes and/or hyperinflation.
I knew the Martha’s Vineyards vacations would add up.
and our electrical grid is 10 years older, no roads and bridges have been re-built
WTF did they spend all that money on?
A secret Ark? like in the movie 2012?
So the government took in 20 trillion and also borrowed almost 10 trillion. That means they had 3 trillion dollars to spend each year. That is how they have been able to mask the economic depression that has been going since 2008.
Another point which I like to make is that the deficit spending of one third of the government’s money each year effectively decouples taxpayers from government expenditures. The government can spend what it likes on whatever seems useful at whatever time without worrying what taxpayers think, because they put it on the old credit card. There really is no limit on government spending as long as they have a credit card.
The constitution puts the money in the hands of the representatives, who have totally abdicated it to the executive branch for fear of being called obstructionists. Plus, they get their share of the graft and corruption to take home with them.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.