Topic: CNSNews.com
CNSNews.com editor Terry Jeffrey is continuing his dishonest tradition of implicitly blaming Democrats for spending too much money and taking in too much revenue, even though he refused to offer any blame, implicit or explicit, to Donald Trump and Republicans for high deficits during his adminstration. He wrote in a June 10 article:
The federal government collected a record $3,374,629,000,000 in total taxes in the first eight months of fiscal 2022 (October through May), according to the Monthly Treasury Statement.
Before this year, the largest October-through-May federal tax collections came in fiscal 2021, when the Treasury collected $2,833,846,070,000 in total taxes in inflation-adjusted May 2022 dollars.
Jeffrey waited until much later in the article to admit that federal spending has actually decreased from last year:
While federal spending has declined this year from last year’s record high, this year’s spending in the first eight months of the fiscal year is still more than the federal government spent in the first eight months of any year prior to fiscal 2020 (when it spent $4,445,575,070,000 in constant May 2020 dollars).
Jeffrey went on to repeat previous complaints that Health and Human Services and Social Security take thelargest chunks of the budget while defense only comes in fourth.
Jeffrey updated the numbers for a July 18 article:
The federal government hauled in a record $3,835,390,000,000 in total taxes in the first nine months of fiscal 2022 (October through June), according to the Monthly Treasury Statement.
That was up $502,438,730,000—or 15.07 percent—from the then-record $3,332,951,270,000 (in constant June 2022 dollars) that the federal government collected in taxes in the first nine months of fiscal 2021.
Jeffrey repeated his complaint about spending priorities, but he didn't mention that spending has dropped from last year.
The numbers got another update for an Aug. 10 article:
The federal government collected a record $4,104,725,000,000 in total taxes in the first ten months of fiscal 2022 (October through July), according to the Monthly Treasury Statement.
That was up $503,787,000,000—or 13.9 percent—from the then-record $3,600,938,000,000 (in constant July 2022 dollars) that the Treasury collected in taxes in the first ten months of fiscal 2021.
Again, Jeffrey complained about spending priorities but censored that spending is lower than last year.
