No Spending Cuts, No Tax Cuts, No Balanced Budget, No Spending Cap, No Hope, No Change–Obama Recession–Fiscal Year 2013 Deficit Will Exceed $1 Trillion–We Have A Spending Problem–Videos
$16 Trillion U.S. DEBT – A Visual Perspective
What Are the Dangers of Too Much Debt?
Does Government Have a Revenue or Spending Problem?
Funding Government by the Minute
Will Higher Tax Rates Balance the Budget?
Will Taxing the Rich Fix the Deficit?
What Can We Cut to Balance the Budget
Does Stimulus Spending Work?
The table below summarizes the failed 10 year record of both political parties in controlling government spending that have produced massive fiscal-year deficits and an ever increasing national debt.
Summary of Tax Receipts and Spending Outlays of the
United States Government for Fiscal Years 2002-2012
[in million of dollars]
|Fiscal Year||Tax Receipts||Spending Outlays||Deficits (+) or Surplus (-)|
|Source: Department of the Treasury, Final Monthly Treasury Statements of Receipts and Outlays of the United States Government for Fiscal Years 2002-2012, table 1.|
Neither the Democratic Party led by President Obama, Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi nor the Republican Party led by House Speaker Boehner, House Majority Leader Eric Cantor and Senate Minority Leader Mitch McConnell, are capable of balancing the budget of the U.S. government.
FINANCIAL MANAGEMENT SERVICE STAR - TREASURY FINANCIAL DATABASE TABLE 1. SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS) ACCOUNTING DATE: 11/12 PERIOD RECEIPTS OUTLAYS DEFICIT/SURPLUS (-) + ____________________________________________________________ _____________________ _____________________ _____________________ PRIOR YEAR OCTOBER 163,072 261,539 98,466 NOVEMBER 152,402 289,704 137,302 DECEMBER 239,963 325,930 85,967 JANUARY 234,319 261,726 27,407 FEBRUARY 103,413 335,090 231,677 MARCH 171,215 369,372 198,157 APRIL 318,807 259,690 -59,117 MAY 180,713 305,348 124,636 JUNE 260,177 319,919 59,741 JULY 184,585 254,190 69,604 AUGUST 178,860 369,393 190,533 SEPTEMBER 261,566 186,386 -75,180 YEAR-TO-DATE 2,449,093 3,538,286 1,089,193 CURRENT YEAR OCTOBER 184,316 304,311 119,995 NOVEMBER 161,730 333,841 172,112 YEAR-TO-DATE 346,045 638,152 292,107 - - - - - - - - 0REPORT ID: STM0P081 USER ID : DATE: 2012-12-10 TIME: 18.47.19 PAGE http://www.fms.treas.gov/mts/mts1112.txt
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