OKAY, lesgo:

It’s time for your periodic check on the federal fisc, and the latest results tell the tale of our political choices. Tax receipts are rolling in, discretionary spending is ebbing, but entitlements keep soaring, and thus the federal deficit keeps climbing far more than it should.

The federal govt is raking in 12% more income taxes and 321% more duties (=tariffs) compared to a year ago.

Perhaps this trend will change as the full impact of last year’s extension of the 2017 tax cuts is felt, but so far individuals are paying more. [...]
CBO clocks big reductions in outlays for such federal agencies as the EPA, Agriculture, Homeland Security and Education. This is consistent with Trump Administration efforts to slow the growth in domestic discretionary accounts. Defense spending and overall outlays were up only 2%.

yeahyea, don't mind the biiiig stuff.

in dollar terms those savings were trivial compared to the continuing boom in the giant retirement and healthcare entitlements that aren’t subject to Congressional appropriations. Social Security and Medicaid outlays rose 8%, while Medicare rose 9%. The three combined had outlays of $1.168 trillion in merely those four months.

We need to sac some boomers (#1358006, #1388123) or else this octogenarian mega fest is gonna go on fow-evah

The budget numbers confirm again that America’s fiscal mess isn’t because taxes are too low. It’s because the government spends too much, and the political class lacks the interest or courage to change.

No, not "interest" or "courage"No, not "interest" or "courage"

Try: ability.

archive: https://archive.md/2RrA8