$4,408,452,000,000: Federal Tax Collections Set Record Through August

https://www.cnsnews.com/article/was...00-federal-tax-collections-set-record-through

HYPERLINK has full article

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The federal government collected a record $4,408,452,000,000 in total taxes in the first eleven months of fiscal 2022 (October through August), according to the Monthly Treasury Statement.

That was up $525,658,170,000—or 13.5 percent--from the then-record $3,882,793,830,000 (in constant August 2022 dollars) that the federal government collected in the first eleven months of fiscal 2021....................


Even though it collected this record $4,408,452,000,000 in taxes in the first eleven months of this fiscal year, the federal government still ran a deficit

end snip

be they Democrat or Republican, the rascals in DC are not good stewards with OUR MONEY.

DC does not need 1 more cent of our money. They need to start cutting

 

Agreed.

 

Cut back spending on the army would be a good first step.
The US can cut back 250 billion a year, easy... and still be spending a massive amount more than nr 2.

 

They are collecting WHAT WAS DUE/OWED. That fact is important on the revenue side.

Your OP assertion is conflating revenues vs. expenditures.

 

In terms of the part of the budget that is considered "discretionary", everybody in Washington has the same idea:
"Cut Everybody Else--But, DON'T CUT ME"...

 

it is not revenue, it's seizure of our money. Spending cuts need to occur

 

Radicalized unhinged view that does nothing to refute what I posted and that it exposes the weakness of your OP.

 

Deal if you all agree to cut welfare spending.

 

Defense budget:
There is the possibility of Russia collapsing into smaller republics and following western European norms. We will see. China has diplomatically changed is “BFF Russia”, to “BF Russia, sort of” love affair with Putin being as how the Ukraine was is pretty much lost, and the bears teeth have fallen out.
It would be nice to have a friendly Russia.
That possibility can influence our defense budget a lot.

 

weakness of the OP? Record levels of money taken from the productive yet we still see DC with deficit spending and wanting tax increases

No doubt as to which side of the fence you land

 

just likes it's not "our rep or senator" who is the problem

 

Your partisan junk is long in the tooth. The other poster is correct in that you conflating revenue with expenses.. Your complaints about taxes are only about what you care.

Get a grip, nobody wants taxes, but the adults know they are necessary.

 

You keep trying and failing to fit your square "comfort/shtick" into a round hole. Then you flail away on the narrative you are trying to hock.

Here's my point again that you have failed to touch with anything but deflection and pure conflation:

They are collecting WHAT WAS DUE/OWED. That fact is important on the revenue side.

Your OP assertion is conflating revenues vs. expenditures.

My last charitable thread bump^ .

 

Well first of all, I see no connection between a defense budget and welfare spending, other than veterans need welfare, a lot of it. Besides that, when companies get in trouble, as during the credit crunch / mortgage crisis, as well during the covid years... they simply get free communistic aid. Companies who underpay a lot of their staff so much that working full time still can lead to extreme poverty and in need of food stamps, all so the lucky 1% can make multi millions to even billions. Or putting it in an other way, the US government is helping out companies so they can underpay their staff. So you either support companies paying a living wage of around 20 bucks an hour or support the communistic welfare aid companies are getting one way or an other. Now that's a tough call.


But obviously the easy call to make is cutting back massively on the military. Less military would cure the labor shortage. It also would cut costs (eventually) that all them twisted messed up veterans need. And the costs cut there, can be relocated to fixing roads and bridges on a big scale, creating jobs for those who build them while companies can exploit the infrastructure to do more business.

In the end, we all know the US military can be cut back and easy 200 billion a year, and still be by far the biggest well equipped army on the planet.

 

And this, my friends, is why we'll never balance the budget. If we were even close, like we were under the Clinton presidency, the GOP would campaign on (to paraphrase) "giving tax payers some of their hard-earned money back" through tax cuts. Soon after there will be red ink again as far as the eye can see. The GOP talks a good talk about fiscal conservatism, but it's just talk. In reality, they just spend the same, but tax less, so deficits explode.

 

I am actually on board and reducing this budget. I would have never said it before, however I think we are too big for our own britches.

Sadly, Eisenhower nailed it!

 

Hmmm… we divide 31 trillion by 4.4 trillion and we get a payoff of 7 years with zero interest. Add 5.5% prime rate, it is doable if you cut spending by 100% and get the grifters off the couch and into jobs.
WE are so bleeped.

 

We agree. Now just make sure that EVERY employer pays a living wage”, and the federal government wont have to do that.

https://www.cbpp.org/research/food-...-participants-work-but-often-in-unstable-jobs

This is why Dems want a “living wage”……Most benefits are not for the poor, they are subsidizing the employer !!!!! There is absolutely no reason in the United State of America that a person work works full time should require a government subsidy. Pay a living wage, and the tax payers wont have to subsidize that company.

 

When the poor are the ruling class this is what you get.

 

Maybe we can start cutting hurricane relief to Florida. Oh wait, the GOP NEVER opposes any spending when it benefits one of their own. They only want to cut spending for the ones they deem less deserving, i.e. people who have fallen on bad luck, like illness or job loss or both.

P.S.: I am not for cutting hurricane relief to Florida. Just pointing out the hypocrisy of the self-proclaimed "fiscal hawks".

 

Oh they'll start cutting alright... Cutting higher checks to each other while they vote themselves another raise. Politicians, on both sides, and the media are America's number 1 enemy. Successfully dividing us peons was their greatest achievement because we've passed the point of putting our differences aside to join together and get these mutants out of DC.

 

I am for not cutting hurricane relief to Florida either. The issue is the pork added to the relief bills. Just present a true relief package that only contains on relief aid. There should be NO unrelated funding attached to it. I would suspect you would agree with that?

 

Indeed they're necessary for a lot of things, but not for fattening our government's pockets or funding ultimate level re-re projects. We also shouldn't be throwing billions at other countries until we have ours in order.

 

The problem with a living wage is that people live beyond their means while working a job meant for high school students and kids just out of high school. That leads to people wanting hiring wages which leads to businesses raising prices to combat the higher wages they're paying out which leads right back to people wanting increased wages. Get overseas businesses back to America and nobody has to worry about jobs because they will be plentiful.

 

Oh, they need our money, alright.

Where else are they going to plunder people and line their own pockets with $800 billion the way Demokrats recently did with their reconciliation bill?