The Treasury Department found that only $680.3 billion was tacked on to the federal deficit in FY 2013 ending September 30 -- a 5-year low. Compare this with the $1.09 trillion added to our debt burden in FY 2012. However, the federal government brought in record tax revenue totaling $2.77 trillion -- and they still can't manage to break even. This will come as a shocker to Barack Obama and Congress, but lowering overspending to just $680.3 billion doesn't solve any issues. As economist Bricklin Dwyer observes, "Politicians have, thus far, avoided the most difficult choices -- addressing unsustainable spending on entitlements such as Medicare and Medicaid." So just like all those subpar economic reports the White House calls "good news," this one looks just as bad.
“Our cause is noble; it is the cause of mankind!”
—George WashingtonHelp keep us in the fight for Liberty.


