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Started By
Message
Federal Tax Revenue Soars, but So Does Entitlement Spending
Posted on 2/11/26 at 7:27 am
Posted on 2/11/26 at 7:27 am
quote:
It’s time for your periodic check on the federal fisc, and the latest results tell the tale of our political choices. Tax receipts are rolling in, discretionary spending is ebbing, but entitlements keep soaring, and thus the federal deficit keeps climbing far more than it should.
Those are the headlines for the first four months of fiscal year 2026, according to the Congressional Budget Office. Overall tax receipts rose $189 billion or 12% in the four months through January compared to a year earlier. Individual income taxes rose 12% and customs duties (mainly tariffs) were up 321%.
quote:
Social Security and Medicaid outlays rose 8%, while Medicare rose 9%. The three combined had outlays of $1.168 trillion in merely those four months.
We’re reminded of the late economist Herb Stein’s quip that if something can’t continue, it won’t. But Congress and President Trump seem determined to wait until they have no choice to fix the programs owing to some fiscal emergency—preferably on some other politician’s watch.
The budget numbers confirm again that America’s fiscal mess isn’t because taxes are too low. It’s because the government spends too much, and the political class lacks the interest or courage to change.
LINK
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Posted on 2/11/26 at 7:40 am to ragincajun03
quote:
The budget numbers confirm again that America’s fiscal mess isn’t because taxes are too low. It’s because the government spends too much, and the political class lacks the interest or courage to change.
Remove the fraud and the fraudsters and the economy will boom.
And then entitlement spending stops increasing exponentially. If you can’t convict them in blue states, seize their assets.
When you seize their assets, make them file a lawsuit against the government.
Posted on 2/11/26 at 7:41 am to ragincajun03
Why tax us at all? Just print $5 trillion a year and spend it on whatever you want. Our money is worthless anyway.
Posted on 2/11/26 at 7:43 am to BigTigerJoe
quote:
Remove the fraud and the fraudsters and the economy will boom.
The entire economy is a fraud. We produce very little. Our financial sector is built around moving monopoly money from one basket to another.
Posted on 2/11/26 at 7:46 am to BigTigerJoe
quote:
Remove the fraud and the fraudsters and the economy will boom.
What does government fraud have to do with the economy booming?
Connect those dots for me.
As far as government fraud causing too much spending, you could remove every penny of fraud—and we should, just on principle—and it would barely move the needle.
Posted on 2/11/26 at 7:52 am to wadewilson
quote:
Why tax us at all? Just print $5 trillion a year and spend it on whatever you want. Our money is worthless anyway.
They only use taxes for social engineering at this point. Punishing certain constituents and rewarding others.
Posted on 2/11/26 at 7:54 am to wackatimesthree
quote:
As far as government fraud causing too much spending, you could remove every penny of fraud—and we should, just on principle—and it would barely move the needle.
You are absolutely wrong. Do you have a finance or economics degree? Support with numbers that removing fraud based spending does not move the needle.
Posted on 2/11/26 at 7:55 am to ragincajun03
quote:
But Congress and every President since WWII seem determined to wait until they have no choice to fix the programs owing to some fiscal emergency
FIFY
Posted on 2/11/26 at 8:01 am to ragincajun03
Can Federal Tax Revenue Soar enough to cover the proposed $500 Billion in defense spending?
That would be a lot of soaring
That would be a lot of soaring
Posted on 2/11/26 at 8:05 am to BigTigerJoe
quote:
You are absolutely wrong.
O.k.
Post the link.
quote:
Do you have a finance or economics degree?
Economics was part of my major, but if you can read a pie chart of the federal budget you can see what the money is being spent on, you don't need a degree.
Medicare/Medicaid, and Social Security.
Of course there's some fraud there, but unless it's about 30% or more in those categories and about 60% or more in all the rest combined (and there's no way that's true), then we're still headed over the cliff.
If you think that's the case, go ahead and say so and I'll leave you to it. There's no discussing something with an IQ that low.
Posted on 2/11/26 at 8:09 am to wackatimesthree
quote:
Medicare/Medicaid, and Social Security.
Shh…we’re not supposed to talk about these.
If you’re on the left, you’re supposed to focus on tax breaks “for the rich” and “subsidies for Big Oil”.
If you’re on the right, you’re supposed to talk about fraud Somali day cares and taxpayer funded sex change operations.
In no way are you supposed to talk about those three things you mentioned, especially not Social Security.
Posted on 2/11/26 at 8:09 am to wackatimesthree
quote:
As far as government fraud causing too much spending, you could remove every penny of fraud—and we should, just on principle—and it would barely move the needle.
Exactly. And it wouldn't change the fact that people in Israel have a higher standard of living thanks to the money we pour into them.
Posted on 2/11/26 at 8:30 am to ragincajun03
quote:
Shh…we’re not supposed to talk about these.
If you’re on the left, you’re supposed to focus on tax breaks “for the rich” and “subsidies for Big Oil”.
If you’re on the right, you’re supposed to talk about fraud Somali day cares and taxpayer funded sex change operations.
In no way are you supposed to talk about those three things you mentioned, especially not Social Security.
This is the correct answer.
Posted on 2/11/26 at 8:37 am to ragincajun03
Quality learing centers don't pay for themselves
Posted on 2/11/26 at 8:49 am to ragincajun03
quote:
Social Security and Medicaid outlays rose 8%, while Medicare rose 9%.
This will increase yearly as Boomers continue to retire and won't wane until they start dying off en masse. Gen-X is a smaller generation, so things should ease up a little with their retirements.....provided those systems are still even solvent.
Posted on 2/11/26 at 8:52 am to wadewilson
quote:
Exactly. And it wouldn't change the fact that people in Israel have a higher standard of living thanks to the money we pour into them.
(Where the hell did that come from?)
People in Israel have lower incomes and the cost of living is higher there, they have less disposable income and less living space on average, so the only basis I can figure for your statement is that they have government funded healthcare and lower rates of obesity (so their life expectancy is higher).
But dozens of countries benefit in the same way from US hegemony. Instead of investing in their military they rely on US hegemony and spend on government sponsored healthcare.
And Israel isn't even a good example of that. They spend almost 9% of their GDP on military spending, which is among the highest in the world. In fact, only Ukraine spends more relative to GDP. For comparison, we spend about 3.5% of our GDP on defense.
Now, that almost 9% does include the aid we give them, but even when you remove that from the equation they still spend almost 7% of GDP on defense, and that's their own money.
So when we're talking about Israel, we're talking about helping a country that is willing to help themselves first.
Posted on 2/11/26 at 9:04 am to ragincajun03
quote:
It’s because the government spends too much,
Cut 10% across the board. Including defense.
Posted on 2/11/26 at 9:06 am to ragincajun03
quote:
Social Security and Medicaid outlays rose 8%, while Medicare rose 9%. The three combined had outlays of $1.168 trillion in merely those four months.
For some perspective of how this compares to discretionary spending
This post was edited on 2/11/26 at 9:07 am
Posted on 2/11/26 at 9:08 am to wackatimesthree
quote:
As far as government fraud causing too much spending, you could remove every penny of fraud—and we should, just on principle—and it would barely move the needle.
There is this stupid talking point that our deficit is due to fraud and people just repeat it
I think Trump even echoed the stupidity and NPCs ran with it.
This post was edited on 2/11/26 at 9:14 am
Posted on 2/11/26 at 10:06 am to wackatimesthree
quote:
far as government fraud causing too much spending, you could remove every penny of fraud—and we should, just on principle—and it would barely move the needle.
We’ve added $2.5 trillion to the budget since Covid and that doesn’t even count the fraud prior to Covid. All of that needs to go and we would have a surplus easily.
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