By Terence P. Jeffrey
* * *
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.
* I... WANT... THESE... PEOPLE... DEAD....
“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% higher than the amounts recorded in the
first six months of fiscal year 2014."
* NOT 1%... NOT 2%...
* 7%
The federal fiscal year begins on Oct. 1 and ends on
Sept. 30.
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.
* BY SHORT STRAW TAKE 10% OF HOUSE MEMBERS... 10% OF
SENATE MEMBERS... THROW IN JOE BIDEN... AND EXECUTE THE BUNCH!
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%) from fiscal
2014.
In the first six months of fiscal 2014, businesses paid
the federal government approximately $118,000,000,000 in corporate income
taxes. In the first six months of fiscal 2015, they paid approximately
$133,000,000,000 in corporate income taxes. That was a 12.8% increase from
2014, but only an additional $15,000,000,000 in tax revenues.
Payroll tax payments increased "only" 3.7% but
brought the federal government $18,000,000,000 in additional revenues...
Overall tax revenues increased 7.4% from the first half
of 2014 to the first half of 2015 — with total receipts rising from
$1,323,000,000,000 in the first six months of fiscal 2014 to $1,420,000,000,000
in the first six months of fiscal 2015.
* AND YET THIS WASN'T ENOUGH FOR THE INCOMPETENT,
IRRESPONSIBLE, SELF-SERVING POLITICIANS IN WASHINGTON; THEY HAD TO PILE MORE
DEBT ON OUR SHOULDERS AS WELL VIA HIGHER DEFICIT BORROWING AND SPENDING!
Despite this windfall in additional tax revenue, the
federal government ran a bigger deficit in the first half of this fiscal year
because federal spending increased even more than federal tax revenues.
* AGAIN... BOTTOM LINE...
...federal spending increased even more than federal tax
revenues.
* I'M THINKING... BREAK THEM ON THE RACK... DRAW AND
QUARTER THEM...
* I... JUST... WANT... THEM... DEAD...
Total federal outlays climbed from $1,736,000,000,000 in
the first half of fiscal 2014 to $1,851,000,000,000 in the first half of fiscal
2015.
The $115,000,000,000 increase in federal spending
outpaced the $98,000,000,000 increase in federal taxation to result in a
$17,000,000,000 higher deficit ($413,000,000,000 in the first half of fiscal
2014 compared to $430,000,000,000 in the first half of fiscal 2015).
Medicaid — which was expanded by ObamaCare — was a major
force driving increased federal spending.
* IN ENGLISH: OBAMACARE WAS A MAOR FORCE DRIVING
INCREASED FEDERAL SPENDING...
(*HEADACHE*)
“Outlays for Medicaid rose by $31 billion (or 22%),
largely because most of the provisions of the Affordable Care Act...
* OBAMACARE
...that led to increased enrollment in Medicaid went into
effect in January 2014 and therefore did not affect the program’s spending in
the first few months of fiscal year 2014 [which began in October 2013],” said
the CBO.
Medicare spending (up $23 billion or 9%) and
Social Security spending (up $19 billion or 4%) also saw large increases.
