Ah, for the good old days of "The era of big government is over":
The federal government raked in a record of approximately $2,672,414,000,000 in tax revenues through the first ten months of fiscal 2015 (Oct. 1, 2014 through the end of July), according to the Monthly Treasury Statement released today.
That equaled approximately $17,955 for every person in the country who had either a full-time or part-time job in July.
[. . .]
Despite the record tax revenues of $2,672,414,000,000 in the first ten months of this fiscal year, the government spent $3,137,953,000,000 in those ten months, and, thus, ran up a deficit of $465,539,000,000 during the period.
And of course, 40 cents of every one of those dollars spent was borrowed.
At least, I think they have slowed down a bit from the pace that did Ronald Reagan in. His tax cuts did bring in more money, but when you spend more than you take in, the more you take in the bigger the deficit gets. Perverse.
