No More Debt Ceiling Increases: Let the Federal Gov't Default

No More Debt Ceiling Increases: Let the Federal Gov't Default
(AP Photo/Eric Gay, File)

Since 1960, the federal government has increased its tax revenue over the previous fiscal year 54 times. Only 7 times has the federal government’s tax revenue decreased over the previous fiscal year. In other words, nine times out of ten, the government gets a raise.

But since 1960, the federal government has spent more than it takes in ten times out of ten. For 61 consecutive years, the national debt has increased over the previous year. Nine times out of ten, the federal government confiscates more of our money each year through taxation, but ten times out of ten, they spend even more than they take.

 

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