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During the fiscal year just ended September 30, the Federal Government collected $3,018,371,000,000.00 in taxes, an average of $251,530,920,000.00 per month, or $8,269,509,600.00 per day. Everywhere except Washington DC, that is real money.
Is it even conceivable that a supposedly fiscally responsible congressional majority could fathom a way to live within those means, given that they’re an all-time tax collection record in the history of our republic?
During the same fiscal year, Federal expenditures were $3,503,730,000,000.00, incurring a fiscal year deficit of $485,360,000,000.00, an admirably low number given recent history.
The deficit equals 16 percent of tax collection. Is the Republican response to fiscal conservatives so pitifully weak that they can’t find 16 percent (plus a few percent for rolling debt) in the budget to cut? And this with 10 percent of our population on food stamps, untold more on TANF, WIC, and EITC? The list goes on. Do we need to fund a Department of Education, Labor, Housing, or Commerce?
Half, or more, of the Republicans in Congress have given a speech about a reckless, lawless, shameless executive branch and president. Is the best the center-right can advocate handing that same lawless president another blank check?
And we wonder why more than half of those polled support presidential candidates who’ve never held office. It is one of life’s mysteries.