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arts / rec.arts.tv / 65% of Government Income From Taxes Is Spent On Entitlement Programs

65% of Government Income From Taxes Is Spent On Entitlement Programs

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by: chromebook test - Tue, 18 Apr 2023 15:37 UTC

65% of Government Income From Taxes (tax receipts) Is Spent On Entitlement Programs

https://youtu.be/k1TUNrwMUFQ?t=2386

The Sovereign Debt Bubble with Luke Gromen
What Bitcoin Did Apr 17, 2023
https://www.youtube.com/watch?v=k1TUNrwMUFQ

Luke Gromen is the Founder and President of Forest for the Trees (FFTT). In this interview, we discuss how governments can navigate the first busting global debt bubble in 100 years. We talk about historical precedents: namely the Weimar Republic in the 1930s and Israel in the 1980s, and how governments may be forced to allow for a compressed period of triple-digit inflation.

tags: cull the herd, kiss grandma goodbye

------------

https://www.youtube.com/watch?v=ckV2ogbt8W4

Re: 65% of Government Income From Taxes Is Spent On Entitlement Programs

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Subject: Re: 65% of Government Income From Taxes Is Spent On Entitlement Programs
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by: chromebook test - Tue, 18 Apr 2023 16:46 UTC

On Tuesday, April 18, 2023 at 11:37:13 AM UTC-4, chromebook test wrote:
> 65% of Government Income From Taxes (tax receipts) Is Spent On Entitlement Programs
>
> https://youtu.be/k1TUNrwMUFQ?t=2386
>
>
>
>
>
>
>
> The Sovereign Debt Bubble with Luke Gromen
> What Bitcoin Did Apr 17, 2023
> https://www.youtube.com/watch?v=k1TUNrwMUFQ

The federal government collected $5.0 trillion in revenue in fiscal year 2022 (FY 2022) — or $15,098 per person.

The federal government spent $6.5 trillion in FY 2022 — or $19,434 per person — including funds distributed to states.

Federal revenue increased 14.3% in FY 2022 after collecting more personal income taxes, social security taxes, and auctioning spectrum for commercial wireless and broadcast use.

Federal spending decreased 12.4% in FY 2022 after remaining relatively flat in FY 2021.

The federal government spent 28.7% more than it collected in FY 2022, resulting in a $1.45 trillion deficit.

The national debt hit $30.9 trillion last fiscal year.

Subject	Author
65% of Government Income From Taxes Is Spent On Entitlement Programs	chromebook test
Re: 65% of Government Income From Taxes Is Spent On Entitlement Programs	chromebook test