Time to start paying the bills before piling on more.
via CNS News
Inflation-adjusted federal tax revenues hit a record $1,046,224,000,000 for fiscal year 2015 through January, but the federal government still ran a $194,209,000,000 deficit during that time, according to the latest Monthly Treasury Statement.
Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes (including Social Security and Medicare taxes), unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and “miscellaneous receipts.[…]
Although the federal government brought in a record of approximately $1,046,224,000,000 in revenue in fiscal year 2015 through January, according to the Treasury, it also spent approximately $1,240,433,000,000, leaving a deficit of approximately $194,209,000,000.