True Pundit

Business Politics

Obama’s Administration Collected $20 Trillion In Taxes And Still Increased National Debt $9 Trillion

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During the 90 months that President Obama has been in office, the federal government collected a total of $19,966,110,000,000 in tax revenues (in non-inflation-adjusted dollars) and still managed to drag the country into almost 9 trillion dollars of new debt, according to the Monthly Treasury Statements.

There is no better example of how big government ruins prosperity than the numbers above.

Siphoning such enormous sums of wealth out of the economy only leads to the government mishandling and misallocation of what would otherwise be well spent or well-saved wealth for individual American’s who are on averagestruggling to get by financially. – READ MORE

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