NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT
"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams
Friday, July 14, 2017
GOP Spending Tops $400B for First Time
Thank God The GOP is in Charge
Federal spending at all time high
Just imagine what the insane spending would look like if Leftists controlled Congress.
(CNSNews.com) - Real monthly federal spending topped $400 billion for the first time in June, when the Treasury spent a record $428,894,000,000, according to the Monthly Treasury Statement released today.
Prior to June, the record for federal spending in a single month was held by March 2017, when the Treasury spent approximately $392,816,000,000.
In August 2012, the Treasury spent $392,408,410,000 in constant 2017 dollars
As the Treasury was spending a record $428,894,000,000 in June it was taking in approximately $338,660,000,000 in taxes—thus, running a deficit for the month of $90,233,000,000.