Call it ineptness, call it corruption, call it subversion…whatever you call it, they’re destroying America!
Erskine Bowles, co-chairman of the National Commission on Fiscal Responsbility with his co-chair former Sen. Alan Simpson (R.-Wyo.) (AP photo/Alex Brandon)
(CNSNews.com) - The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.
During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.
At the same time, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.