Obama’s Tax Collections Surpass $20,000,000,000,000; Still Runs Up Debt by $8,878,290,996,028

CNS News – by Terence P. Jeffrey

With the additional $231,327,000,000 in taxes that the U.S. Treasury collected in August, according to the Monthly Treasury Statement released today, President Barack Obama has now presided over more than $20,000,000,000,000 in federal tax collections during the 91 full months he has served in the Oval Office.

From February 2009 through August 2016, the Treasury collected approximately $20,197,437,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements.  

During those same 91 months, the federal debt rose from $10,632,005,246,736.97 to $19,510,296,242,765.66—an increase of $8,878,290,996,028.69.

In August, according to the Monthly Treasury Statement released today, the federal government took in $231,327,000,000 in taxes and spent $338,438,000,000—running a one-month deficit of $107,112,000,000.

So far in fiscal 2016, according the Treasury statement, the federal government has collected approximately $2,910,151,000,000 in taxes and spent approximately $3,530,922,000,000—running a deficit of $620,771,000,000 for the first eleven months of the fiscal year.

Given that the Bureau of Labor Statistics has reported that there were 151,614,000 people employed in the United States in July, the $20,197,437,000,000 in taxes the Treasury has collected during Obama’s first 91 full months in office equals approximately $133,216 per worker.

The $8,878,290,996,028.69 in additional debt the federal government incurred during Obama’s first 91 full months in office equals approximately $58,559 per worker.

During the first 91 full months George W. Bush was president (February 2001 through August 2008), according to the Monthly Treasury Statements, the Treasury collected approximately $16,205,198,000,000 in taxes. During those same 91 months, the debt rose from $5,716,070,587,057.36 to $9,645,725,555,640.02—an increase of $3,929,654,968,582.66.

From February 2001 (the first full month of George W. Bush’s presidency) through January 2009 (the month that Bush left office and Obama was inaugurated), the Treasury collected $17,251,191,000,000 in taxes.

Here, according to the numbers published in the Monthly Treasury Statements, are the total receipts the Treasury has brought during the 91 full months President Barack Obama has completed in office:

Feb. 2009-Sept. 2009: $1,330,887,000,000

Fiscal 2010: $2,161,728,000,000

Fiscal 2011: $2,302,495,000,000

Fiscal 2012: $2,449,093,000,000

Fiscal 2013: $2,774,011,000,000

Fiscal 2014: $3,020,371,000,000

Fiscal 2015: $3,248,701,000,000

Oct. 2015- August 2016: $2,910,151,000,000

91 Month Total: $20,197,437,000,000

http://cnsnews.com/news/article/terence-p-jeffrey/obamas-tax-collections-surpass-20000000000000-still-incurs

4 thoughts on “Obama’s Tax Collections Surpass $20,000,000,000,000; Still Runs Up Debt by $8,878,290,996,028

  1. Unbelievable. ..
    I can’t even imagine those numbers are even real.
    Hell ..
    I have a hard enough time getting past the double digit addition security numbers sometimes to post on this site.
    Trust me.
    I’m a real human being.
    Hmmmmm….Now what’s 11 + 7….
    That’s right …19.
    With common core math you don’t have to have the right answer as long as you understand the concept of addition.

  2. Example to me how, with 200 million people out of work and on the streets and thousands of business closing down. This is BS, but it does make you feel like the FEDGOV is all powerful and F-ing the people and you can’t do a dam thing about it.

  3. AND WE OWE THIS MONEY TO WHO????????/ JUPITER???????/
    NEPTUNE?
    OR WOULD THE CLAIM COME FROM SATURN/SATAN/JEW………..STOP ACCEPTING THE IDEA OF USURY AS “NONVIOLENT” AND “SINLESS”…. LIKE ACCEPTING DIVORCE AS BEING OK….. CAUSE ON JEW TV, THEY SAID SO………….USURY IS SIN. DO NOT REPAY THEM CURRENCY FOR EVIL…………………..

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