US Treasury spends 8.2 times income - Gee I can afford a $2500 car payment!!!

CNSNEWS,COM ^ | April 4, 2011 | Terence P. Jeffrey

[kc69mustang]

$1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.

[kc69mustang]

I hope this posts correctly, It is my first post. Based on this article, my upper middle class budget can change from $1500/month mortgage to $12,300. Car payment from $300/month to $2460. I just ordered pizza for $34, could have spent $278. Anybody see a problem??

[Neidermeyer]

The only problem I see is that this is the FedGovs worst month ,, lots of tax refunds going out and no tax payments coming in til April. .. You can (based on the gov’s spending) therefore really only afford a $1200 car payment and a $6,000 house payment... That would be a Z06 Corvette and a real nice $1M house ..

[Toddsterpatriot]

That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 billion in net federal tax revenue for the month.

The situation is bad enough. No need to exaggerate it with bad math.

After the disbursements made to pay off the $705.3 billion in loans that came due in March

I don't see why refinancing $705.3 billion in loans would be considered spending, unless you're really bad at accounting.

The truth would be $347.5 billion in spending versus $128.179 billion in revenues. Like I said, the real numbers are bad enough.....

[ChildOfThe60s]

Even profitable businesses have to have lines of credit and borrow certain times of the year. It’s the nature of cash flows. This piece is a little slick in portraying March as typical.

As dire as things are, and they are nearly at the disaster point, we aren’t going to enlighten the average economic dunce with this.

[Richbee]

COMPLETELY IRRELEVENT SINCE YOU ARE NOT A SOVEREIGN NATION OR A CENTRAL BANK.
‘
DUH?
‘
Sovereign Nation: The supreme, absolute, and uncontrollable power by which an independent state is governed and from which all specific political powers are derived; the intentional independence of a state, combined with the right and power of regulating its internal affairs without foreign interference.