In response to A_Concerned_Citizen's comment:
Apparently the neo-cons think of federal spending as some kind of static mirage that isn't affected by outside influences.
The current total revenue may have been a record in nominal value but it isn't in real-time value. In fact it has been flat for a decade or more.
And this only proves that tax revenues have been depressed for a number of years over some length of time resulting in a larger than normal debt and the accumulating interest payments that accompany it.
If you compare todays federal revenue with revenue from a decade ago, that number is virtually unchanged in constant current dollars. So despite being in two wars, an unfunded Medicare drug benefit, a large cut to tax revenue and a growing and aging population, federal revenues haven't increased to meet these new and/or ongoing expenses.
Wrong! (as usual)
"The record of $2,472,542,000,000 in federal tax revenues through August is in non-inflation-adjusted dollars. However, even when adjusted for inflation, the $2,472,542,000,000 brought in through federal taxes in the first eleven months of fiscal 2013 exceeds the real federal tax revenue in any of the last 16 years except for 2007, when federal tax revenues were approximately $2,282,318,000,000 in 2007 dollars and $2,571,309,020,000 in 2013 dollars.
The largest single bloc of federal tax revenue so far this year has come in the form of individual income tax payments, which were approximately $1,175,536,000,000 through the first eleven months of fiscal 2013. That is about $116.017 billion more than the approximately $1,015,419,000,000 in individual income taxes that was collected in the first eleven months of fiscal 2012.
Fiscal year federal revenues (in millions) through August:
Current year dollars.......................................Constant 2013 dollars
1998: 1,540,474 2,207,659.90
1999: 1,626,454 2,280,511.10
2000: 1,805,566 2,449,320.53
2001: 1,831,708 2,416,034.23
2002: 1,660,527 2,156,156.00
2003: 1,590,675 2,019,431.07
2004: 1,672,432 2,068,149.42
2005: 1,901,703 2,274,604.27
2006: 2,123,378 2,460,378.00
2007: 2,282,318 2,571,309.02
2008: 2,251,414 2,442,703.10
2009: 1,885,712 2,053,234.55
2010: 1,916,539 2,053,123.25
2011: 2,062,347 2,141,347.47
2012: 2,187,527 2,225,657.28
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