RNC SALE: 60% Off VIP Membership!
He Was Spotted 30 Minutes Before? We Have Another Update on Trump's Assassination...
MAKE AMERICA GREAT AGAIN: Trump Officially Nominated at Republican Convention
World of Chaos
Did an FBI Employee Express Displeasure That Trump Survived Assassination Attempt?
Biden Admin Declares '100 Percent Support' for Secret Service After Trump Nearly Assassina...
Trump Announces VP Pick
Following the Attempt on Trump's Life, We Nominate the Worst Media Coverage
Joe Biden's Latest Plan to Combat Inflation Is a Joke
Here's How Democrats Reacted to Trump's VP Pick
Despite Embarrassing Error, Trump Is Actually Leading in Another Poll
Joe Biden's Public Rambles Doubled in a Year
Here’s What Trump Said About Project 2025’s Abortion Platform
Here's When Congress Will Hold a Hearing on the Attempted Assassination of Trump
AOC Compares Trump to ‘Fascism’ One Day After Assassination Attempt
Tipsheet

Taxed Enough: Numbers Show Spending, Not Lack of Tax Revenue Cause of Deficit

The Heritage Foundation has released a new chart showing once again that runaway government spending is fueling the federal deficit, not inadequate tax revenue. Regardless of the numbers, President Obama continues to call on the rich to "pay their fair share," when it's time to for the government to stop spending more than their share.

Advertisement

This week’s chart shows how spending will skyrocket beyond its historical average of 20.3 percent of the U.S. economy, reaching 26.4 percent by 2021. Revenue, meanwhile, will surpass its historical average of 18 percent of GDP in the same year, according to Heritage Foundation calculations based on CBO data.

Photobucket

Sponsored

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement