Federal Government Collects Record Amount of Taxes Still Runs Humongous Deficit
When is this going to end?
When are our elected politicians going to do something about this?
Why aren’t the Republicans slowing down the amount of our taxes they spend and the money they borrow?
Those are all good questions that no elected politician is seriously talking about.
Well I am because I care about our future generations and what type of mess we are going to leave to our children and grandchildren.
According to the Monthly Treasury Statement released yesterday the federal government collected a record $1,143,141,000,000 in individual income taxes through the first eight months of fiscal 2018 (Oct. 1, 2017 through the end of May) but still ran a deficit of $532,241,000,000 dollars.
That my friends is sad and reckless. Is was not ok under former Presidents Clinton, George W. Bush or Obama and it is not ok under President Trump.
If we do not stop the madness of overspending we will endanger all of our welfare programs and all the other freebies these politicians love to give out.
This is not a Democrat or Republican issue this is an American citizen’s issue.
This is not a taxing problem, the government takes plenty of money from us who pay the taxes, this is a spending problem. Until more of us become responsible adults and realize this is a spending problem this tsunami of debt coming to our children and grandchildren will never be solved.
Numbers do not lie and they always catch up with us no matter if you are a single person, a family or a government.