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Are We Really Short of Income? (Part 3 of the Debt Series)

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The US Government’s annual income pays for 89% of what it spends. That creates a $440 billion deficit.

The government projects taking in income of $3.654 TRILLION in FY2018! Where does the money come from?

Excise taxes by the way include gasoline taxes and tobacco taxes!

What do we spend our money on?

About $315 billion is spent on interest payments on our debt! Think about that for a moment. If we weren’t in debt, we would take in almost enough money to fund our government.

We obviously don’t have an income problem that needs to be solved with higher taxes. We have a spending problem. Any tax plans proposed by our ruling class are merely diversions from the reality of an out of control government that spends too much.

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