Feds Collect Record Taxes Through April $2,007,451,000,000; Still Run $385.4B Deficit

WE HAVE GOT TO CUT GOVERNMENT  SPENDING …

As reported at CNS News, the federal government collected a record $2,007,451,000,000 in total taxes through the first seven months of fiscal 2018; however, still managed to run a deficit for that period of $385,444,000,000. This country has got to get serious about its spending issues and prioritize them. The days of  the welfare state are over. Serious consideration needs to be looked into Medicare and social security. However, for those who blame the Trump tax cuts, you would be wrong. In the month of April itself, the Treasury collected $510,440,000,000 in total taxes, while spending $296,192,000,000 thus, running a surplus for the month of April of $214,255,000,000.Wastful spending must be done away with and Republicans who spend like liberal Democrats must be removed from office.

The federal government collected a record $2,007,451,000,000 in total taxes through the first seven months of fiscal 2018 (October through April), but still ran a deficit for that period of $385,444,000,000, according to the Monthly Treasury Statement.

The record total federal taxes collected during this period also included a record $1,050,601,000,000 in individual income taxes—marking the earliest in any fiscal year that individual income taxes have topped $1 trillion.

But even while the Treasury was collecting its record $2,007,451,000,000 in total taxes from October through April, it was spending $2,392,896,000,000—thus, accumulating a deficit of $385,444,000,000.

April was best month in history for U.S. budget, according to CBO figures.

The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.

All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.

CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.

Charles Krauthammer Points Out the Hipocrisy & Lies of Obama/Democrats Increasing Minimum Wage … Obama’s Minimum Wage Plan Would Hurt Poor

Democrats and their hypocrisy with the CBO numbers and the very people that they claim to help.

Fox News contributor and syndicated columnist, Charles Krauthammer, appeard on the ‘Kelly File’ and shredded Barack Obama’s and Democrats claims that a raise in the minimum wage will help the poor.  Krauthammer stated that this Democrat plan to increase the minimum wage to $10.10 to help the poor would hurt the very people that Obama supposedly intended to help. Krauthammer and Kelly both showed Obama’s and Democrat hypocrisy when it comes to dismissing the CBO’s evaluation of the minimum wage plan because it goes against their agenda.

However, Charles Krauthammer’s most important point and damning statement which is causing Dems to cringe was as follows: “Democrats like to redistribute income, and they pretend it’s always from the rich to the poor. What the CBO has shown, absolutely clearly, is that when you raise the minimum wage, you’re redistributing income from one set of low income people to another set of low income people.”

Click here to watch video via FOX News

FOX News:

Krauthammer continued by saying that the math contradicts the Obama administration’s claim that it wants to help poorer Americans.

“We know that Dems like to redistribute income, and they pretend it’s always from the rich to the poor,” he said. “What the CBO has shown, absolutely clearly, is that when you raise the minimum wage, you’re redistributing income from one set of low income people to another set of low income people.”

And the damage will fall on those who are most economically vulnerable, Krauthammer said.

“There are going to be about half a million people who go from $7 an hour to zero,” he said. “They’re going to be destitute.”

Krauthammer finished by saying that raising the minimum wage would, in fact, have the reverse effect of its intention.

“The irony is, that the winners get a marginal advantage, but for the losers, it’s devastation,” he said. “This administration is robbing the people it says it really wants to help.”

Imagine That … CBO Says Raising the Minimum Wage will Cost From 500,000 to 1,000,000 Jobs

What a shocker, President Barack Obama’s minimum wage economic policies look to destroy more jobs …

The Congressional Budget Office (CBO) released a report on the economic effects of Barack Obama’s proposal to increase the minimum wage from its present $7.25 per hour to $10.10. The CBO looked at two options. One,  raise the minimum wage in three steps to $10.10 by 2016, and Two, raise it in two steps to $9.00 by 2016. In either option, the US economy either loses some jobs or many jobs, but make no mistake, they will lose jobs. The CBO announced that an increase in the minimum wage will cost between 500,000 and one million jobs. Basically, Obama and Democrats boasting about raising the minimum wage is nothing more than a distraction to their current political nightmare.

Well this does not fit the Obama/Democrat Talking points …

Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3 percent, CBO projects (see the table below). As with any such estimates, however, the actual losses could be smaller or larger; in CBO’s assessment, there is about a two-thirds chance that the effect would be in the range between a very slight reduction in employment and a reduction in employment of 1.0 million workers.

As summed up by the PJ Tatler, the report in that there is one positive impact to raising the minimum wage, although one groups silver lining is another’s silver bullet. Is it really worth raising some out of poverty at the expense of even more people losing their jobs completely?

The CBO does find one positive impact: Raising the minimum wage would move some 900,000 Americans out of poverty.

But that would come at the cost of potentially sending a million workers out of jobs altogether. That’s hardly the goal that Obama and the Democrats are selling.

The Washington Times discusses Three ways that the CBO contradicts Obama on minimum wage. Imagine that, Obama lying?

1. Obama: “The opponents of the minimum wage have been using the same arguments for years, and time and again they’ve been proven wrong. Raising the minimum wage is good for business, and it’s good for workers, and it’s good for the economy.”
2. Obama: “Rais[ing] the federal minimum wage to $10.10 wouldn’t just raise wages for minimum-wage workers, its effect would lift wages for about 28 million Americans.”
3. Obama: Raising the minimum wage to $10.10 per hour, “would lift millions of Americans out of poverty immediately.”

I have to ask the following parting question: How is it that Obama and his minions can tell us what the positive benefits will be to raising the minimum wage, but they can’t tell us to the person how many are 100% enrolled in Obamacare and have paid their first premiun when the data is on a database in front of them?

Contrary to what Americans were Told … The CBO Says Obamacare Is Slowing Growth & Will Kill the Equivalent 2.5 Million Jobs in America Over the Next Decade

OBAMACARE IS THE GREATEST HOAX AND FRAUD THAT HAS EVER BEEN PERPETRATED UPON THE AMERICAN PEOPLE …

Not only is the Affordable Healthcare Act not affordable, it is also not the job creator that it was promised to be. As reported at The Hill, according to the Congressional Budget Office (CBO) said today that Obamacare is likely to kill 2.5 million jobs, while slowing overall economic growth over the next decade. This colossal fiasco is a nightmare for Americans and for America. The CBO also projected that “as a result of the ACA, between 6 million and 7 million fewer people will have employment-based insurance coverage each year from 2016 through 2024 than would be the case in the absence of the ACA.” This from the government’s own bean counters. Folks, you might want to remember this during the 2014 midterm elects as O-care was passed 100% by Democrats with 0% GOP support.

Those gullible fools believed that it was affordable, they believed it was a job creator, hahahahaha …

The new healthcare law will cost the nation the equivalent of 2.5 million workers in the next decade, the Congressional Budget Office (CBO) estimated in a report released Tuesday.

The nonpartisan agency found the reform law’s negative effects on employment would be “substantially larger” than what it had previously anticipated.

It said the equivalent of 2.3 million workers would be lost by 2021, compared to its previous estimate of 800,000, and that 2.5 million workers would be lost by 2024. It also projected that labor force compensation would be reduced by 1 percent from 2017 to 2024 — twice its previous estimate.

Although the CBO projects that total employment and compensation will increase over the coming decade, that increase will be smaller than it would have been in the absence of the healthcare law.

The findings immediately roiled the debate over the healthcare law on Capitol Hill ahead of this year’s midterm elections.

Full CBO Report.

Remember when then Speaker of the House Nanacy Pelosi (CA-D) told us that Obamacare was not just about health security but it was also about jobs? She stated that Obamacare  was a job creator and would create 4 million jobs and 400,000 jobs immediately? LIAR!!! You can watch the longer version of Pelosi’s lies on Obamacare HERE. What a pack of lies these people told to the American people and it was this fraud, along with other that got Barack Obama, the worst president in modern times, reelected.

CBO Delivers Sends Death Blow to Obamacare … you live by the CBO and you die by it as well.

Barack Obama Admitted in 2010 White House Summit on Obamacare that 8 or 9 Million Americans Would Lose Health Care Plans

President Barack Obama admitted to Rep. Eric Cantor (R-VA) and other House Republicans in 2010 in a White House summit on Obamacare after being questioned about people losing their insurance that 8 to 9 million Americans would lose their healthcare plans. During his condescending comments, Obama said that government makes decisions to protect consumers with bi-partisan support. The only problem is that there was no bi-partisan support for Obamacare, it was passed with not one GOP vote in the House or Senate.

President Barack Obama admitted in 2010 that 8 or 9 million Americans would lose their existing health insurance plans under Obamacare.

“The 8 to 9 million people that you refer to that might have to change their coverage — keep in mind out of the 300 million Americans that we’re talking about — would be folks who the CBO, Congressional Budget Office, estimates would find the deal in the exchange better,” Obama said to Rep. Eric Cantor at a February 25, 2010 White House summit on health insurance regulation.

The money line in the above video from Obama comes at the 2:15 mark “… because what we don’t want is a situation in which people think they are getting one thing and they’re getting something else.  They’re harmed by a product.” Obama went on to say what we see is consistent abuses by the insurance companies and people helpless to deal with it. ARE YOU KIDDING ME!!! So what happens when Barack Obama does a “bait & switch” with Obamacare and the American people are helpless to deal with it?

The intended consequences of Obamacare is that millions of Americans have had their insurance plans canceled and thrown off their existing health plans and are learning the harsh reality that deals in the Obamacare exchanges to be not better, but actually much, much worse.