(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 Statements.
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,
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.
So
far in fiscal 2016, according the Treasury statement, the federal
government has collected approximately $2,678,824,000,000 in taxes and
spent approximately $3,192,487,000,000—running a deficit of
$513,662,000,000 for the first ten months of the fiscal year.
Given
that the Bureau of Labor Statistics has reported that there were
151,517,000 people employed in the United States in July, the
$19,966,110,000,000 in taxes the Treasury has collected during Obama’s
first 90 full months in office equals approximately $131,775 per worker.
The
$8,795,689,333,049.67 in additional debt the federal government
incurred during Obama’s first 90 full months in office equals
approximately $58,051 per worker.
The Treasury only needs to pull
in another $33.89 billion in taxes to reach the $20 trillion mark for
Obama’s presidency. (The $19,966,110,000,000 the Treasury pulled in
during the first 90 full months of Obama’s presidency equals
approximately $221,845,666,666.67 per month).
During the first 90
full months George W. Bush was president (February 2001 through July
2008), according to the Monthly Treasury Statements, the Treasury
collected approximately $16,048,182,000,000 in taxes.
(From
February 2001 through January 2009, the Treasury collected
$17,251,191,000,000 in taxes. Bush was inaugurated on Jan, 20, 2001 and
left office on Jan. 20, 2009, when Obama was sworn in.)
The
$16,048,182,000,000 in taxes the Treasury collected during Bush’s first
90 full months in office equaled approximately $110,273 for each of the
145,532,000 persons who had a job as of July 2008.
During the
first 90 full months of George W. Bush’s presidency, the debt rose from
$5,716,070,587,057.36 to $9,585,479,639,200.33—an increase of
$3,869,409,052,142.97. That equaled approximately $26,588 in added debt
for each of the 145,532,000 persons who had a job as July 2008.
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