Skip to comments.Federal Spending Set Record During Shut Down
Posted on 01/24/2018 12:28:33 PM PST by E. Pluribus Unum
(CNSNews.com) - Federal spending for the fourth Monday in January set a record of $16,596,000,000 for that day in January even though the federal government was shut down, according to the Daily Treasury Statement.
The House of Representatives did not pass the current short-term continuing resolution to fund the government and end the latest shutdown until 6:09 p.m. Eastern Time on Monday. That was after the close of the business day in Washington, D.C., which made Monday the one federal-government business day effected by the lastest shut down. (The other two days of the shut down were a Saturday and a Sunday.)
But the $16,596,000,000 that the federal government spent on Monday--when it was shut down--was more in constant inflation-adjusted dollars than the federal government has spent before on the fourth Monday in January, according to the Daily Treasury Statements (going back to 1998) that are posted on the website of the Treasury Departments Bureau of the Fiscal Service.
(Excerpt) Read more at cnsnews.com ...
And neither the Democrats nor the Republicans care. There is no more fiscal conservative party in this country. I’ll be dead (hopefully) before we turn into Greece but we’re on that track and no one is pulling the brake.
I’m pretty sure Trump will turn his attention to it as soon as he puts all those traitors aside.
Mandatory spending and interest on the Debt was 69%. Medicare/Medicaid/Social Security totaled $1.9764 Trillion (or nearly 51% of the total spent in FY16). Other mandatory spending, payment on debt, and income security spending (whatever the hell that is) totaled $164.9 Billion (18% of the total). On any given day, mandatory spending outweighs discretionary (what these funding bills are for) by more than 3 to 1.
Whoops, sorry, not 3-1, but 2-1. 31% discretionary, 69% mandatory/debt interest/other.
Why would you think that? I’ve never heard Trump mention reducing the deficit. Did I miss that?
Please think about this.
Trump and Congress just completed a tax bill that has trillions of dollars worth of impact on our economy and nation.
Think what happens when this kind of economic activity is taking place. Businesses and employees pay more taxes.
Apple just signed on to bring back $250 billion dollars from overseas. This will result in it paying a lump sum of $38 billion dollars into the U. S. Treasury that would not have taken place without the tax cut bill being signed into law.
Apple has already stated it will invest half a trillion dollars in the United States. This would not have happened either.
Hundreds of major employers are gifting their employees with raises, bonuses, and enhanced benefits. This would not have taken place either.
All of this is going to cause a large increase in IRS receipts. Further, it will also benefit every state where this activity is taking place. None of this would have happened.
You know from experience, there are two ways to make your home more solvent.
1. You cut spending significantly across the board.
2. You spend as you have and increase the family income.
Under Trump, you will see both.
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