Economy and Finance
Federal Tax Revenue Sets Record in August, Government is Still Broke
When you have a government that is run by thieves, no amount of tax revenue will get them out of the hole.
During the first eleven months of fiscal year 2015, the United States Federal Government generated more tax revenue than any previous year. According to the Bureau of the Fiscal Service, the feds have taken in $2,883,250,000,000, which amounts to an average of $19,346 for every full-time and part-time worker. And yet, our government is still pretty much broke.
Despite the fact that our government took almost 200 billion more dollars than they did at this time last year, the deficit is only projected to fall by $60 billion by the end of the year. And even those numbers may be wishful thinking at best. Unless our government receives a massive windfall in the next month, the deficit will grow significantly. Currently it stands at almost $530 billion, which is higher than it was last year.
This flies in the face of what many pro-government pundits would have you believe. Increasing tax revenue should have the potential to lower debt levels, but it doesn’t do anything to change a corrupt government. The more money they take from the private sector, the more they will spend, without fail. When you have a government that is run by thieves, no amount of tax revenue will get them out of the hole.
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