The deficit.

[RetiredGySgt]

Now remind us all again how bad Bush was with the deficit.

The Atomic Bomb and the End of World War II: A Collection of Primary Sources

Ohh I forgot, if we spend like drunken sailors it is ok if we pretend like it is just in the US. Might want to check on those BILLIONS that went to Overseas banks.

 

[waltky]

Granny says, "Dat's right - dey spendin' more dan dey takin' in...

Feds Collect $740,771,000,000 in Taxes in First 3 Months of FY17—But Spend $949,130,000,000 and Run $208,359,000,000 Deficit
January 12, 2017 - The federal government collected $740,771,000,000 in taxes in the first three months of fiscal 2017 (October through December), according to the Monthly Treasury Statement released today.

But at the same time, it spent $949,130,000,000—thus running a deficit of $208,359,000,000. The $75,731,000,000 in corporation income taxes paid by businesses in the United States in the first three months of the fiscal year was 8.6 times the $8,812,000,000 paid in customs duties on foreign imports.

The overall $740,771,000,000 in tax revenues that the Treasury collected during the October-through-December period also did not set a record for federal tax revenues in the first three months of the fiscal year. That distinction is retained by the first three months of fiscal 2016 (Oct.-Dec., 2015), in which the federal government took in a record $779,651,750,000 in tax revenues in inflation-adjusted constant 2016 dollars.

Behind fiscal 2016, and ahead of fiscal 2017, fiscal 2015 ranks second for the largest tax haul in the first three months of the fiscal year. Then, the government took in $753,903,920,000 in tax dollars in constant 2016 dollars. There were 152,111,000 people employed in the United States in December, according to the Bureau of Labor Statistics. That means that the $740,771,000,000 in tax revenues collected in the first three months of fiscal 2017 equaled about $4,870 per worker. The $208,359,000,000 deficit equaled about $1,370 per worker.

The biggest source of federal revenues in the first three months of fiscal 2017 was the individual income tax, which brought in $352,837,000,000. The second biggest source was Social Security and other payroll taxes which brought in $252,132,000,000. The third biggest source was the corporation income tax, which brought in $75,731,000,000. Customs duties brought in only $8,812,000,000 in the first three months of fiscal 2017.. Thus, the $75,731,000,000 in income taxes paid by corporations in the U.S. was 8.6 times as great as the $8,812,000,000 in customs duties paid on foreign products brought into the United States.

Feds Collect $740,771,000,000 in Taxes in First 3 Months of FY17—But Spend $949,130,000,000 and Run $208,359,000,000 Deficit

 

[RoshawnMarkwees]

Granny says, "Dat's right - dey spendin' more dan dey takin' in...

Feds Collect $740,771,000,000 in Taxes in First 3 Months of FY17—But Spend $949,130,000,000 and Run $208,359,000,000 Deficit
January 12, 2017 - The federal government collected $740,771,000,000 in taxes in the first three months of fiscal 2017 (October through December), according to the Monthly Treasury Statement released today.

But at the same time, it spent $949,130,000,000—thus running a deficit of $208,359,000,000. The $75,731,000,000 in corporation income taxes paid by businesses in the United States in the first three months of the fiscal year was 8.6 times the $8,812,000,000 paid in customs duties on foreign imports.

The overall $740,771,000,000 in tax revenues that the Treasury collected during the October-through-December period also did not set a record for federal tax revenues in the first three months of the fiscal year. That distinction is retained by the first three months of fiscal 2016 (Oct.-Dec., 2015), in which the federal government took in a record $779,651,750,000 in tax revenues in inflation-adjusted constant 2016 dollars.

Behind fiscal 2016, and ahead of fiscal 2017, fiscal 2015 ranks second for the largest tax haul in the first three months of the fiscal year. Then, the government took in $753,903,920,000 in tax dollars in constant 2016 dollars. There were 152,111,000 people employed in the United States in December, according to the Bureau of Labor Statistics. That means that the $740,771,000,000 in tax revenues collected in the first three months of fiscal 2017 equaled about $4,870 per worker. The $208,359,000,000 deficit equaled about $1,370 per worker.

The biggest source of federal revenues in the first three months of fiscal 2017 was the individual income tax, which brought in $352,837,000,000. The second biggest source was Social Security and other payroll taxes which brought in $252,132,000,000. The third biggest source was the corporation income tax, which brought in $75,731,000,000. Customs duties brought in only $8,812,000,000 in the first three months of fiscal 2017.. Thus, the $75,731,000,000 in income taxes paid by corporations in the U.S. was 8.6 times as great as the $8,812,000,000 in customs duties paid on foreign products brought into the United States.

Feds Collect $740,771,000,000 in Taxes in First 3 Months of FY17—But Spend $949,130,000,000 and Run $208,359,000,000 Deficit

You can't use numbers around Democrats. It confuses them.
It's math-ist!

 

[waltky]

Granny says, "Dat's right - dem politicians need to stop spendin' so much money...

Feds Collected Record Taxes in October; Still Ran $63 Billion Deficit
November 13, 2017 - The federal government hauled in record total tax revenues in the month of October, taking in a total of $235,341,000,000 during the first month of fiscal 2018, according to the Monthly Treasury Statement released today.

The federal government also brought in record individual income tax revenues for the month of October, taking in $127,832,000,000 in individual income taxes. Despite its record total tax intake of $235,341,000,000 for the month of October, the federal government still ran a deficit of $63,214,000,000 for the month because it spent $298,555,000,000.

Prior to this year, the largest federal tax haul in October came in fiscal 2017 (October 2016), when the Treasury took in $226,360,090,000 in total tax revenues in constant 2017 dollars. (Dollar amounts were adjusted to constant September 2017 dollars using the Bureau of Labor Statistics inflation calculator.)

Prior to that, fiscal 2015 (October 2014) saw the largest tax haul in October, with the Treasury taking in $221,128,030,000 in total revenues in constant 2017 dollars. This year’s record $127,832,000,000 in individual income taxes collected in October bettered the previous record which was set in October 2016 (the first month of fiscal 2017), when the Treasury collected $124,135,980,000 in individual income taxes in constant 2017 dollars.

The Treasury also collected $3,729,000,000 in corporate income taxes in October, as well as $84,018,000,000 in Social Security and other payroll taxes, $7,463,000,000 in excise taxes, $1,615,000,000 in estate and gift taxes, $3,239,000,000 in customs duties and $7,445,000,000 in other taxes and fees.

Feds Collected Record Taxes in October; Still Ran $63 Billion Deficit

 

[waltky]

Granny says, "Dat's right - dem politicians spendin' too much money we ain't got...

Feds Run $215 Billion Deficit in February
March 12, 2018 - The federal government ran a deficit of $215,248,000,000 in the month of February, while taking in $155,623,000,000 in taxes and spending $370,871,000,000, according to the Monthly Treasury Statement.

The deficit was the largest the federal government has run in February in five years (when the monthly deficits are compared in constant 2018 dollars adjusted using the Bureau of Labor Statistics inflation calculator). However, the monthly deficit was 11.27 times more than the $19,095,650,000 drop in taxes the American people saw in February 2018 compared to February 2017. The last time the February deficit exceeded $215 billion was in 2013, when Barack Obama was president. That year it hit $217,304,000,000 in constant January 2018 dollars. In fact, the February monthly deficit exceeded this year’s total of $215,248,000,000 in five of the eight years Obama was in office.

That was the case in 2009 ($226,450,680,000 in constant January 12018 dollars); 2010 ($252,633,560,000); 2011 ($249,208,760,000); 2012 ($252,237,220,000); and 2013 ($217,304,000,000). The federal government collected $19,095,650,000 less in taxes in February 2018 than it did in February 2017, according to the Monthly Treasury Statement. February was the second month that the tax cut signed in December by President Donald Trump was in effect. In January, the first month the Trump tax cut was in effect, the federal government ran a surplus of $49,237,000,000. At the same time that the federal government was collecting $19,095,650,000 less in taxes in February 2018 than it in February 2017, it was also running a February 2018 deficit that was $19,842,480,000 larger (in constant 2018 dollars) than the deficit it ran in February 2017.

In February 2017, the federal government collected $174,718,650,000 in total taxes (in January 2018 dollars). That was $19,095,650,000 more than the $155,623,000,000 in total taxes collected this February. This February, the federal government spent a total of $370,871,000,000. Last February, it spent $370,124,160,000 in constant January 2018 dollars. That made this February’s federal spending $746,840,000 more than last year’s. This year’s taxing and spending in February resulted in a deficit of $215,248,000,000 for the month. Last year’s taxing and spending in February resulted in a deficit of approximately $195,405,520,000 in constant January 2018 dollars. That made this year’s February deficit $19,842,480,000 larger than last year’s. The largest federal deficit ever recorded in February was in February 2010, when the deficit was $252,633,560,000 in constant January 2018 dollars.

From the Monthly Treasury Statement​

In the years since 1981, the smallest the deficit has been in February was 1982, when it was $38,725,940,000 in constant January 2018 dollars. The February deficit first broke $100 million in 2002, when it hit $106,027,970,000 in constant January 2018 dollars. It first broke $200 million in 2008, when it hit $205,563,120,000; and it first broke $250 million in 2010, when it hit $252,633,560,000. So far in fiscal 2018, which began on October 1, the federal government has taken in a total of $1,286,172,000,000 in tax revenues, while spending $1,677,137,000,000 and running a deficit of $390,965,000,000. February is the shortest month of the year. In three out of four years, it has 28 days. In the fourth year, which coincides with U.S. presidential election years, a 29th day is added to February. Thus, in 2017 and 2018 there were 28 days in February.

Feds Run $215 Billion Deficit in February

See also:

Trump: 'I Am Calling on Congress to Block Funds' for Sanctuary Jurisdictions
March 12, 2018 - Attorney General Jeff Sessions is suing the state of California for its "sanctuary" immigration laws, and over the weekend, President Donald Trump urged Congress "to block funds for jurisdictions that shield dangerous criminals."

"Protecting the safety and well-being of American citizens is my highest duty as president," Trump said in his Saturday radio address. "Yet, lawless sanctuary jurisdictions are nullifying federal law, obstructing immigration enforcement, and releasing thousands of criminal aliens into U.S. communities to prey on innocent victims. It's absolutely terrible." Trump cited several examples where cities and states have denied a request from immigration officials to turn over violent criminal aliens.

He also criticized the mayor of Oakland, Calif. for giving the public advance warning of an impending ICE raid, "allowing criminal aliens time to "scatter and hide from authorities. The mayor's conduct directly threatened the safety of federal immigration officers and the law-abiding Americans in her community," the president said. Trump said the leaders of California are in "open defiance" of federal law, and "they don't care about the kind of things that you and I care about."

He also mentioned cases in New York and Denver, Colorado, where state and city authorities have refused to work with ICE: Sanctuary jurisdictions are the best friend of smugglers, gang members, drug dealers, human traffickers, killers, and other violent offenders. We want our cities to be sanctuaries for Americans, not safe havens for criminals. That is why I am calling on Congress to block funds for jurisdictions that shield dangerous criminals. It is time to end the bloodshed brought about by reckless sanctuary policies - and it is time to save American lives and American cities.

'Build that wall!'

At a campaign rally near Pittsburgh on Saturday night, President Trump drew cries of "build that wall" when he criticized Democrats for their immigration leniency: “So the Democrats are the party of sanctuary cities. Explain that one, right?" Trump told the crowd. “They like to protect criminals. They like to protect MS-13." Trump talked about ICE agents "being tough as hell," as they grab gang members "by the neck." "We're cleaning out," Trump promised. “Build that wall, build that wall,” the crowd chanted, interrupting him. "We are building the wall," Trump promised. "100 percent."

Trump: 'I Am Calling on Congress to Block Funds' for Sanctuary Jurisdictions

 

[waltky]

Granny says it's `cause o' all dem politicians spendin' money we ain't got...

Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit
September 13, 2018 | The federal government collected a record $1,521,589,000,000 in individual income taxes through the first eleven months of fiscal 2018 (October 2017 through August 2018), according to the Monthly Treasury Statement released today.

However, the federal government also ran a deficit of $898,112,000,000 for those eleven months, according to the statement. Prior to this year, the record federal individual income tax collections for the first eleven months of the fiscal year occurred last year, when the Treasury collected $1,460,379,260,000 in individual income taxes in constant August 2018 dollars (adjusted using the Bureau of Labor Statistics inflation calculator). Yet even while the federal government was hauling in a record amount in income taxes from individuals, corporation income tax collections and total federal tax collections were declining.

Real total federal tax collections dropped for the third straight year in the October-August period. In the first eleven months of fiscal 2015, the Treasury hauled in $3,050,571,320,000 in total federal taxes (in constant August 2018 dollars). In the same period in fiscal 2016, it hauled in $3,046,651,360,000 in total federal taxes (in constant August 2018 dollars); in fiscal 2017, it hauled in $3,046,234,320,000 (in constant August 2018 dollars); and in the first eleven months of this fiscal year it hauled in $2,985,186,000,000 in total federal taxes. Corporation income tax collections in the October-August period hit a seven-year low in 2018.

In fiscal 2011, they were $158,245,000,000 (in constant August 2018 dollars). Then, in fiscal 2012, they climbed to $203,871,620,000 (in constant August 2018 dollars). In fiscal 2013, they were $233,260,680,000; in fiscal 2014, they were $262,055,780,000; in fiscal 2015, they were $283,962,090,000; in fiscal 2016, they were $244,011,550,000; in fiscal 2017, they were $239,937,120,000; and this year, they dropped to $162,551,000,000. The federal government has run a deficit of $882,112,000,000 in the first eleven months of fiscal 2018 because while bringing in $2,985,186,000,000 in total taxes, it turned around and spent $3,883,298,000,000.

In addition to the $1,521,589,000,000 in individual income taxes and $162,551,000,000 in corporation income taxes that the federal government has collected in the first eleven months of this fiscal year, it has also collected $1,070,777,000,000 in Social Security and other payroll taxes; $78,909,000,000 in excise taxes; $20,693,000,000 in estate and gift taxes; $36,726,000,000 in customs duties; and $93,940,000,00 in miscellaneous receipts.

Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit