It seems like every day I read about how government wastes money so I thought I would record them. Since I began this blog, I have been stunned by the amount of waste, fraud, and mismanagement I have found. I recognize that some government is necessary for any society to exist but without the "profit incentive" that we have in private enterprise, government continues to grow like a cancer and along with it the potential for abuse. If you ever needed a reason to limit government, just read some of the following posts.

Tuesday, September 17, 2013

Record Taxation

The federal government raked in a record $2.472 trillion in tax revenues through the first eleven months of fiscal 2013 which ran from Oct. 1, 2012 through the end of August according to the Monthly Treasury Statement for August. That is up about $285 billion from the $2.187 trillion the government took in through August of fiscal 2012.

Despite these record tax revenues, the federal government still accumulated a $755 billion deficit in the first eleven months of fiscal 2013. Total federal spending through the first eleven months of the fiscal year was $3.228 trillion.
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