maybe this will help the op understand. It's too late for us, when you have people saying they worry about it until they want what IT provides them
SNIP:
CBO: Feds Taxing More, Spending More, Running Bigger Deficit in 2015
April 13, 2015 - 1:21 PM
By
Terence P. Jeffrey
(CNSNews.com) - The federal government taxed away more money, spent more money and ran a bigger deficit in the first half of fiscal 2015 than it did in the first half of fiscal 2014, according to the Congressional Budget Office.
“The federal government ran a budget deficit of $430 billion for the first half of fiscal year 2015, CBO estimates--$17 billion more than the shortfall recorded in the same span last year,” the CBO said in its
Monthly Budget Review for March 2015, which was published April 8. “Both revenues and outlays were about 7 percent higher than the amounts recorded in the first six months of fiscal year 2014."
The federal fiscal year begins on Oct. 1 and ends on Sept. 30.
In the first six months of fiscal 2014, the government took in approximately $1,323,000,000,000 in revenue, according to CBO. In the first six months of this fiscal year, it took in approximately $1,420,000,000,000—an increase of $98,000,000,000.
Meanwhile, the federal government spent approximately $1,736,000,000,000 in the first six months of fiscal 2014. It spent approximately $1,851,000,000,000 in the first six months of the fiscal year—an increase of $115,000,000,000 over last year.
Last year, the government ran a deficit of $413 billion in the first six months of the fiscal year. This year, it ran a deficit of $430 billion—a $17 billion increase over last year.
The biggest source of additional tax revenue for the federal government was the individual income tax. In the first six months of fiscal 2014, Americans paid the federal government approximately $585,000,000,000 in individual income taxes. In the first six months of fiscal 2015, Americans paid $642,000,000,000 in individual income taxes—an increase of $57 billion (or 9.7 percent) from fiscal 2014.
ALL of it here:
CBO Feds Taxing More Spending More Running Bigger Deficit in 2015 CNS News