Record Taxes and Record Spending

The government’s fiscal year for 2014 is over, and 2015 has already begun. Ah, a clean slate. A chance to resolve to do better this year.

Or not.

Even though the U.S. Treasury is still collecting a record amount of taxes, in the first two months they ran a deficit of $178.531 billion and spent 44% more than they brought in. Not a good start.

Tax revenue continues to rise, going over $400 billion in October and November for the first time ever. Not to be outdone, spending rose as well – to nearly $583 billion in the same two months.

That’s $1,541 per household in the US that someone will have to pay for. Happy Fiscal New Year!

We’ve said it before, and we’ll say it again: a government that spends so irresponsibly does not deserve our tax dollars. Not until it learns how to spend what it already has wisely.

And what is all that money spent on anyway? Many programs that the government has no business running, but would be better taken care of by private citizens.

Maybe one of those private citizens could give the Treasury a lesson on how to live within your means.