Most Federal Tax revenues but still $377 billion deficit! WHY?

[healthmyths]

federal tax revenues hit a record $1,104,947,000,000 in the first five months of fiscal 2014, but the federal government still ran a $377,379,000,000 deficit during that time, according to the Monthly Treasury Statement for February.
Although the federal government brought in a record of approximately $1,104,947,000,000 in revenue in the first five months of fiscal 2014, according to the Treasury, it also spent approximately $1,482,327,000,000—leaving a deficit of approximately $377,379, 000,000.
Tax Revenues Hit Record in First 5 Months of FY14; 5-Month Deficit Still $377B | CNS News

We are doing what Obama wants HIGHER TAXES and we are PAYING higher taxes..
So is this why Obama (remember it is HIS STASH...) is spending more then what comes in???


ROGULSKI: Why are you here?
WOMAN #1: To get some money.
ROGULSKI: What kind of money?
BWOMAN #1: Obama money.
ROGULSKI: Where's it coming from?
WOMAN #1: Obama.
ROROGULSKI: And where did Obama get it?
WOMAN #1: I don't know, his stash. I don't know. (laughter) I don't know where he got it from, but he givin' it to us,
WOMAN #2: And we love him.
WOMAN #1: We love him. That's why we voted for him!
[ame=http://www.youtube.com/watch?v=fOZ-Etb0k0Q]Obama Money - Where Did it Come From? - YouTube[/ame]

 

[Edgetho]

Yup

 

[Bombur]

There is really no significance to the record as reaching a new record every year is the expectation in a growing economy. The only thing that would stop the government from breaking the record every year would be a recession, a tax cut, or some year over year distortion in tax revenues.

Spending will also grow year over year. Depending on the spending in question there are different factors leading to growth. SS for example grows as a result of inflation but also as a result of the number of people who are collecting SS.

Unemployment goes up and down with the economic cycle.

Disability is increasing over time for a lot of reasons.

 

[ScienceRocks]

increasing welfare
healthcare cost
Military

Really that simple

We have been investing in infrastructure, science and r@d at the current percentage of gdp since the mid 1970's. Before that we invested a even higher percentage! We're blowing a lot of cash on the top 3 areas above while grown fools argue for mothballing and gutting the heart of our nation.