The federal government grossed $194 billion in tax revenue, paid out $65.898 billion in tax refunds, netting $128.179 billion in tax revenue for in March. The government paid a net of $1.0528 trillion in raw, out-of-control spending in March.
That $1.0528 trillion in spending amounts to 8.2 times the $128.179 in net federal tax revenue for the month.Repeat, the Obama administration is spending 8.2 times the revenue stream, pure red ink.
“I'm really concerned,” Erskine Bowles (Bill Clinton's former chief of staff) testified.. “I think we face the most predictable economic crisis in history...".
“This debt and these deficits that the we (sic Obama Administration) are incurring on an annual basis are like a cancer and they are truly going to destroy this country from within unless we have the common sense to do something about it,” said Bowles, a Democrat.
How can the Obama regime, and his merry set of clowns face the American People with a straight face?
The coming election is more critical than since Lincoln was elected in 1860. The US has not faced such dire, and direct danger since the dark days of the US Civil War..
The GOP has been stalled by the Democrats; the Paul Ryan budget out Tuesday, will cut $5.8 Trillion. Replace Obama in 2012, and give control of the Senate to the GOP. Lets end the era of class-warfare, race cards, sputtering economy, and reckless spending.
