{"id":29810,"date":"2016-12-12T21:05:19","date_gmt":"2016-12-13T02:05:19","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=29810"},"modified":"2016-12-12T21:05:19","modified_gmt":"2016-12-13T02:05:19","slug":"the-government-doesnt-need-more-tax-revenue-it-needs-to-cut-spending","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=29810","title":{"rendered":"The Government Doesn&#8217;t Need More Tax Revenue&#8211;It Needs To Cut Spending"},"content":{"rendered":"<p><a href=\"http:\/\/www.cnsnews.com\/news\/article\/terence-p-jeffrey\/213300000000-individual-income-taxes-set-record-first-2-months-fy17\" target=\"_blank\">CNS News<\/a> reported the following today:<\/p>\n<p style=\"padding-left: 30px;\"><strong>The <a class=\"zem_slink\" title=\"Federal government of the United States\" href=\"http:\/\/en.wikipedia.org\/wiki\/Federal_government_of_the_United_States\" target=\"_blank\" rel=\"wikipedia\">federal government<\/a> brought in a record of approximately $213,300,000,000 in <a class=\"zem_slink\" title=\"Income tax\" href=\"http:\/\/en.wikipedia.org\/wiki\/Income_tax\" target=\"_blank\" rel=\"wikipedia\">individual income tax<\/a> revenues through the first two months of fiscal 2017 (Oct. 1, 2016 through the end of November),<a href=\"https:\/\/www.fiscal.treasury.gov\/fsreports\/rpt\/mthTreasStmt\/mts1116.pdf\"> according to the Monthly Treasury Statement released today<\/a>.<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>That is approximately 36 times the $5,966,000,000 the federal government brought in from <a class=\"zem_slink\" title=\"Customs\" href=\"http:\/\/en.wikipedia.org\/wiki\/Customs\" target=\"_blank\" rel=\"wikipedia\">customs duties<\/a> imposed on foreign imports over the same two-month span.<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>In constant 2016 dollars (<a href=\"http:\/\/data.bls.gov\/cgi-bin\/cpicalc.pl\">adjusted using the BLS inflation calculator<\/a>), the record $213,300,000,000 in individual income taxes the Treasury raked in during <a class=\"zem_slink\" title=\"October November\" href=\"http:\/\/en.wikipedia.org\/wiki\/October_November\" target=\"_blank\" rel=\"wikipedia\">October-November<\/a> of this year was up $6,432,550,000 from the $206,867,450,000 it brought in October-November of last year.<\/strong><\/p>\n<p>Meanwhile the website <a href=\"http:\/\/www.usgovernmentdebt.us\/spending_chart_2006_2016USb_XXs2li111tcn_G0f_Recent_Federal_Deficits\" target=\"_blank\">usgovernmentdebt.com<\/a> posted the following:<\/p>\n<p><a href=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2016\/12\/federalDeficits2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-29811\" src=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2016\/12\/federalDeficits2.png\" alt=\"\" width=\"348\" height=\"228\" srcset=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2016\/12\/federalDeficits2.png 348w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2016\/12\/federalDeficits2-300x197.png 300w\" sizes=\"auto, (max-width: 348px) 100vw, 348px\" \/><\/a>The tax revenue is going through the roof and the deficit is rising. Would you run your household budget this way?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNS News reported the following today: The federal government brought in a record of approximately $213,300,000,000 in individual income tax revenues through the first two months of fiscal 2017 (Oct. 1, 2016 through the end of November), according to the &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=29810\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[542,280,1947],"class_list":["post-29810","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-income-tax","tag-tax","tag-tax-rate"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/29810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29810"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/29810\/revisions"}],"predecessor-version":[{"id":29812,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/29810\/revisions\/29812"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}