The U.S. Government’s Spending Problem


Monday March 19th, 2018   •   Posted by Craig Eyermann at 7:00am PDT   •  

The U.S. government’s total public debt outstanding now exceeds $21 trillion, having crossed that milestone just one week after MyGovCost marked the occasion of $1 trillion having been added to the national debt under President Trump.

What might surprise you however is that this has happened even as the U.S. government has collected more in taxes than it ever has before. The following chart shows the federal government’s cumulative monthly revenue totals for each of its fiscal years from 2015 through 2018, as calculated from data provided by the U.S. Treasury’s monthly statements, where the data for its current 2018 fiscal year is only available through February 2018 at this time.

Meanwhile, the next chart shows where the real problem of the rising national debt originates: the U.S. government’s excessive spending.

In 2018, the U.S. government is on track to have one of its most fiscally unbalanced years ever.




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