President Obama and the Democrats say they need more revenue. We all know that’s not true. They just want to keep up spending so they can buy votes. They howl every time anyone mentions cutting back. Just look at how the federal government has received record revenue in 2014, yet they’re still running a huge deficit. And they want to spend more.
Inflation-adjusted federal tax revenues hit a record $1,104,947,000,000 in the first five months of fiscal 2014, but the federal government still ran a $377,379,000,000 deficit during that time, according to the Monthly Treasury Statement for February. (Read More)
The national debt at the time of this post is $17,507,729,322,755.00 and rising every second.