Author Topic: Obama Has Collected $19,966,110,000,000 in Taxes; Incurred $8,795,689,333,049 in Debt  (Read 156 times)

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Obama Has Collected $19,966,110,000,000 in Taxes; Incurred $8,795,689,333,049 in Debt

(CNSNews.com) - During the 90 full months President Barack Obama has completed serving in the White House—February 2009 through July 2016--the U.S. Treasury collected approximately $19,966,110,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statement [1]s.

During those same 90 months, the federal debt rose from $10,632,005,246,736.97 to $19,427,694,579,786.64—an increase of $8,795,689,333,049.67.

In July, according to the Monthly Treasury Statement released today [2], the federal government took in $209,998,000,000 in taxes and spent $322,813,000,000—running a one-month deficit of $112,815,000,000.
 
 
Source URL: http://cnsnews.com/news/article/terence-p-jeffrey/obama-has-collected-19966110000000-taxes-incurred-8795689333049-debt