TRUMPERNOMICS FOR THE
RICH…. and his parasitic family!
Report:
Trump Says He Doesn't Care About the National Debt Because the Crisis Will Hit
After He's Gone
"Trump's
alleged comment is maddening and disheartening,
but at least he's being straightforward about his indefensible
and self-serving neglect. I'll leave you with this reminder of the scope of the problem, not that anyone in
power is going to do a damn thing about it."
but at least he's being straightforward about his indefensible
and self-serving neglect. I'll leave you with this reminder of the scope of the problem, not that anyone in power is going to do a damn thing about it."
ANN COULTER
Jared’s BFF, Saudi Crown Prince Mohammed bin
Salman (MBS), and the crown prince of Abu Dhabi, Muhammad bin Zayed (MBZ),
refer to Jared as “the clown prince.” Bone-cutter MBS assured those around him
that he had Jared “in my pocket.”
Following meetings at the White House and also with
the Kushners over their 666 Fifth Avenue property, former Qatari Prime Minister
Sheikh Hamad bin Jassim reported back to the emir that “the people atop the new
administration were heavily motivated by personal financial interest.”
“Truthfully, It Is Tough To Ignore Some
Of The
Gross Immoral Behavior By The President” WASHINGTON
POST
$2,198,468,000,000: Federal Spending Hit 10-Year High Through March; Taxes Hit 5-Year Low
(Getty Images/Ron Sachs-Pool)
(CNSNews.com) - The federal government spent $2,198,468,000,000 in the first six months of fiscal 2019 (October through March), which is the most it has spent in the first six months of any fiscal year in the last decade, according to the Monthly Treasury Statements.
The last time the government spent more in the October-through-March period was in fiscal 2009, when it spent $2,326,360,180,000 in constant March 2019 dollars.
Fiscal 2009 was the fiscal year that began with President George W. Bush signing a $700-billion law to bailout the banking industry in October 2008 and then saw President Barack Obama sign a $787-billion stimulus law in February 2009.
At the same time that the Treasury was spending the most it has spent in ten years, it was also taking in less in tax revenue than it has in the past five years.
In the October-through-March period, the Treasury collected $1,507,293,000,000 in total taxes. The last time it collected less than that in the first six months of any fiscal year was fiscal 2014, when it collected $1,420,897,880,000 in constant March 2019 dollars.
The difference in the federal taxes taken in and the spending going out resulted in a federal deficit of $691,174,000,000 for the first six months of the fiscal year.
During those six months, the Department of Health and Human Services spent the most money of any federal agency with outlays of $583.491 billion. The Social Security Administration was second, spending $540.426 billion. The Department of Defense was third, spending $325.518 billion. Interest on Treasury securities was third, coming in at $259.687 for the six-month period.
Both individual and corporation income taxes were down in the first six months of this fiscal year compared to last year. In the first six months of fiscal 2018, the Treasury collected $736,274,000,000 in individual income taxes (in constant March 2019 dollars). In the first six months of this fiscal year, it collected $723,828,000,000.
In the first six months of fiscal 2018, the Treasury collected $80,071,070,000 in corporation income taxes (in constant March 2019 dollars). In the first six months of this fiscal year, it collected $67,987,000,000.
(Historical budget numbers in this story were adjusted to March 2019 dollars using the Bureau of Labor Statistics inflation calculator.)
(Table 3 from the Monthly Treasury Statement, seen below, summarizing federal receipts and outlaws for the past month and for the fiscal year to date and compares it to the previous fiscal year.)
No comments:
Post a Comment