US spending twice what it taxes

CNS News reports:

Federal taxes, spending and the federal deficit all set records in the first six months of fiscal 2021 (October through March), according to the Monthly Treasury Statement.

Federal taxes climbed to a record $1,703,949,000,000 in the October-through-March period, while federal spending climbed to $3,410,194,000,000.

When the crash comes, it is going to be huge.

Comments (97)

Login to comment or vote

Add a Comment

%d bloggers like this: