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.
Posted May 11, 2018 by Scared Monkeys CBO, Economy, Government, Nanny State - Big Government, Out of Control Spending, Wasteful Spending, Welfare State | one comment |
U.S. Defense Department Still Using 8-Inch Floppy Disks to Coordinate Nuclear Force Operations
US DEPARTMENT OF DEFENSE BACK TO THE FUTURE WITH FLOPPY DISKS … “WOULD YOU LIKE TO PLAY A GAME”
As reported at CNBC, the United States Department of Defense is still using 8 inch floppy disks in 2016. Are you kidding me, I had no idea they were even still available. According to the report, the 8-inch floppy disks are used in a computer system that coordinates the operational functions of the nation’s nuclear forces. UNREAL. So lets get this straight, we are spending tax payer dollars on the US military and national defense for military trans-gender sensitivity training and creating a “green Navy fleet,” but they can’t see to upgrade the IT systems that handle and coordinate nuclear force operations?
Maybe they use the ’80s flick “War Games” as a training film, too.
The U.S. Defense Department is still using — after several decades — 8-inch floppy disks in a computer system that coordinates the operational functions of the nation’s nuclear forces, a jaw-dropping new report reveals.
The Defense Department’s 1970s-era IBM Series/1 Computer and long-outdated floppy disks handle functions related to intercontinental ballistic missiles, nuclear bombers and tanker support aircraft, according to the new Government Accountability Office report.
The department’s outdated “Strategic Automated Command and Control System” is one of the 10 oldest information technology investments or systems detailed in the sobering GAO report, which calls for a number of federal agencies “to address aging legacy systems.”
The report shows that creaky IT systems are being used to handle important functions related to the nation’s taxpayers, federal prisoners and military veterans, as well as to the U.S. nuclear umbrella.
“Federal legacy IT systems are becoming increasingly obsolete: Many use outdated software languages and hardware parts that are unsupported,” the report found. “Agencies reported using several systems that have components that are, in some cases, at least 50 years old.”
Gallup Poll: Americans Continue to Name Government as the Biggest Problem Facing the United States
AMERICANS NAME GOVERNMENT THE #1 PROBLEM FACING THE UNITED STATES …
Americans are fed up with the increasing and oppressive government. In a recent Gallup poll, Americans named the government as the biggest problem facing the United States. For the past 4 months, the government has been named the biggest problem facing “We the People”. They are correct. Even with such issues as terrorism, healthcare, race relations and immigration are extremely important problems facing Americans, the government, the economy and unemployment have been at the top of the list for the past year. In the end, it is our lawless government that refuses to follow the US Constitution, our government that fails to adequately deal with border security, our government that makes the Middle East worse, our government that continually regulates us in a way that our Founding Fathers never intended and our government that spies on us and treats law-abiding, legal US citizens as a greater threat than terrorists.
Americans have grown weary of a government that could care less about the people and only about their power. Every day we are witness to a Democrat president who shreds the Constitution and a gutless Republican Congress who is too cowardice to defend it.
The government is America’s most important problem, according to a new poll.
In a Gallup poll released Thursday, 18 percent of Americans named government as the biggest problem facing the U.S.
The economy trailed closely behind as an important problem with 11 percent, followed by “unemployment/jobs” at 10 percent.
The poll shows a slight increase in those who are dissatisfied with government. In February, 17 percent answered that the government is the most important problem. Americans also seem to be optimistic about the economy. Last month, 16 percent of Americans said that the economy was the most important problem — nearly tying with government. That figure is now down 5 percentage points.
Major survey finds record low confidence in government.
Americans’ confidence in all three branches of government is at or near record lows, according to a major survey that has measured attitudes on the subject for 40 years.
The 2014 General Social Survey finds only 23 percent of Americans have a great deal of confidence in the Supreme Court, 11 percent in the executive branch and 5 percent in Congress. By contrast, half have a great deal of confidence in the military.
As Ronald Reagen profoundly stated so many years ago, “Government is not the solution to our problems, government is the problem.”
Ronald Reagan also said so many years ago, “We are a nation that has a government. Our government has no power except for that granted by the people. It is time to check and reverse the growth of government, which shows signs of having grown beyond the consent of the governed.” WAKE UP AMERICA!!!
FRAUD ALERT: 6.5 Million Active Social Security Numbers Belong to People Who Are at Least 112 Years Old
WOW, WHO KNEW THERE WERE SO MANY PEOPLE OVER 100 YEARS OLD …
Once again we are witness to more government waste and a system that is too big to succeed. As reported at the WAPO, a recent watchdog review found that at least 6.5 million active Social Security numbers belong to people who are at least 112 years old and likely deceased. CAN YOU SAY FRAUD? The findings of this report was that SSA did not have controls in place to annotate death information on the Numident records of number holders who exceeded maximum reasonable life expectancies and were likely deceased. Come on man, really? Do you know how simple it is with database administration to red flag something like this? Having done data analysis, it is even more simple to write queries that look for such outliers as that is what one does when looking for fraud. Sorry, but one would almost not want to find the fraud to have something like this happen.
Senator Ron Johnson (R-WI) who head the Senate committee that oversees the Social Security Administration said the following, “It is incredible that the Social Security Administration in 2015 does not have the technical sophistication to ensure that people they know to be deceased are actually noted as dead.” Ya think? It makes one think, what does our government do to protect tax payers money? Do they just not care? Stuff like this is simple to fix, not difficult. Sadly, we have a government that would just rather raise taxes on workers than fix the obvious fraud.
Thousands of workers over the age of 100 applied to verify their employment eligibility through the U.S. government in recent years.
It’s not a trend toward an older workforce, but a sign of identity fraud, according to federal auditors.
A recent watchdog review found that at least 6.5 million active Social Security numbers belong to people who are at least 112 years old and likely deceased.
But only 35 known living individuals worldwide had reached that age as of October 2013, according to the Gerontology Research Group.
The Social Security Administration’s inspector general said in a report on Monday that the questionable identification numbers put the government at risk of fraud and waste.
The review found that one individual opened bank accounts using Social Security numbers for individuals born in 1869 and 1893.
The official database of active Social Security numbers showed that both beneficiaries were alive, meaning they would be older than 145 and 121 years, respectively.
Auditors also discovered that nearly 67,000 Social Security numbers in recent years were used to report wages for people other than the cardholders. The workers reported about $3 billion in earnings between 2006 and 2011.
EXIT QUESTION: What are the odds that many of these active social security numbers of people between the age of 121 and 145 is identity theft by illegals? This incompetent and apathetic government can’t handle this type of fraud and yet they want to provide illegals with tax refunds for past work under the guise that they have to prove some type of income, REALLY? REALLY!
Posted March 11, 2015 by Scared Monkeys Fraud, Government, Oversight, Social Security, Wasteful Spending, WTF | 2 comments |
Democrat House Minority Leader Nancy Pelosi Says, Even Memebers of Congress Live Paycheck to Paycheck … WHAT!!!
COULD ANYONE BE MORE OUT OF TOUCH WITH THE AMERICAN PEOPLE THAN NANCY PELOSI, OTHER THAN BARACK OBAMA?
The delusional Democrat House Minority Leader Nancy Pelosi said the following at a Capitol Hill press conference on Thursday in the run up to impending battle and vote on Capitol Hill over Department of Homeland Security funding, “I don’t know about you, but I think almost everybody I know cannot live without having our paycheck on time — members of Congress, even.” WHAT!!! Some one better call Pelosi a WAHmbulance.
SanFran Nan said, “but I think almost everybody I know cannot live without having our paycheck on time”. Who is she kidding, who is the “EVERYBODY” that Pelosi knows who goes paycheck to paycheck? Pelosi would not be caught dead hanging around the common folk who live paycheck to paycheck. Pelosi, or her ilk would not know in the slightest what it means to struggle. Oh, is she having to do without an extra Botox treatment these days? Pelosi ranks at number 14 in CQ/Roll Call’s list of wealthiest members of Congress, with a net worth of around $29 million. I am so sure she hangs around the common folk who live paycheck to paycheck. Of course Pelosi gets more because she has a ranking position in the House.
Pelosi’s minimum net worth in 2013 was slightly more than $29 million, a few million more than what she reported in 2012.
The boost in the House minority leader’s personal finances is, in part, attributable to stock investments associated with her husband that grew significantly over the course of a year. Paul Pelosi’s investment in Comcast, for instance, doubled between 2012 and 2013, from at least $250,000 to at least $500,000. Meanwhile, his stake in a real estate development project in Sacramento, Calif., skyrocketed from at least $1 million to at least $5 million.
Lawmakers are strapped for cash like ordinary “We the People” American folks? Get bent Nancy. Pelosi needs to retire. This might be one of the most embarrassing comments she has ever made, and trust me, she has made many. Let us never forget the infamous, “we must pass the bill in order to find out what s in it.”
A member of Congress makes $174,000, meanwhile an average American makes $55,424 and many others who live paycheck to paycheck make much less than the average. As Melissa Francis from the Fox Business Network said on this morning’s Bulls& Bears, “they have no idea what it is like to live in an average household and trying to compare themselves is disingenuous, pathetic and disgusting.” BINGO!!!
Another one of the Bulls & Bears nailed it … “Congress should be responsible when dealing with the affairs of whether it is DHS or whether its shutting down the government, everybody expects a paycheck.” Then comes the money quote … “The problem is that Congress is so out of touch, so out of touch with everyday Americans, they don’t even know how to speak to everyday Americans on behalf of everyday Americans. When you are running for Congress the average campaign is 2 million, 1.5 million. Who’s is going to be able to raise that kind of money, rich people. That is why we have a bunch of rich Congressman.”
Check out how the median income for families in the United States has gone backwards as adjusted for inflation.
How sad and pathetic is this that we have an elite class of rich people in charge? Guess what, America you are to blame. This is hardly what our Founding Fathers ever envisioned. You have elected and continue to reelect US Representatives and Senators that are so out of touch and do not represent you in any shape, matter or form. My personal believe is that Congresses pay should be tied to the average pay scale for Americans and then raised 10% or 20%, not the over 300% it currently is. This way there will be no incentive for “forever” politicians and it will not be a lifetime job. Also, their pension needs to be nixed completely.
Click HERE or on PIC to watch Video
VIDEO via Fox News, Bulls & Bears
Posted February 28, 2015 by Scared Monkeys Congress, Drunk on Power, Government, House of Representatives, Nancy Pelosi, Wasteful Spending, WTF, You Tube - VIDEO | 3 comments |