Your Government Hates You
25th December 2022
Read it.
Did you know that in fiscal year 2022, federal tax receipts as a share of gross domestic product (GDP) hit a near record high of 19.6 percent?
According to the U.S. Treasury, in FY 2022, total federal tax receipts and additional federal government revenue topped $4.90 trillion. Yet, over this time, Congress spent $6.27 trillion. The difference, the 2022 deficit, was $1.37 trillion.
The difference, of course, was made up with debt. And year after year, decade after decade, these deficits have stacked up into a mega pile of debt. Presently, the U.S. national debt is over $31.4 trillion. As a reference point, in December 2000, the national debt was $5.6 trillion.
“It’s nothin’ personal–it’s just business. I always liked him.”