{"id":16238,"date":"2012-10-19T19:06:35","date_gmt":"2012-10-19T23:06:35","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=16238"},"modified":"2012-10-19T19:06:35","modified_gmt":"2012-10-19T23:06:35","slug":"obama-has-spent-56-more-than-taxes-brought-in","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/16238\/obama-has-spent-56-more-than-taxes-brought-in\/","title":{"rendered":"Obama Has Spent 56% More than Taxes Brought In"},"content":{"rendered":"<p><a href=\"http:\/\/www.nationalreview.com\/articles\/331012\/obama-buying-election-his-welfare-explosion-larry-kudlow\" target=\"_blank\">Larry Kudlow<\/a>: \u201c\u2026reporter Jeffrey H. Anderson uses a Treasury Department study to chronicle the 7-Eleven presidency. In fiscal year 2012, ending September 30, the government spent nearly $11 for every $7 of revenues taken in. The exact figures are $2.5 trillion in tax revenues and $3.5 trillion in spending. In other words, it spent 44 percent more than it had coming in. Previous fiscal years look even worse: The government spent 56 percent more than revenues in fiscal year 2011 and 60 percent more in fiscal year 2010.<\/p>\n<p>\u201cAll in all, according to Mr. Anderson, the government under the Obama administration received $6.8 trillion in taxes and spent $10.7 trillion \u2014 56 percent more than it had available.\u201d<\/p>\n<p>Repeat after me: The government doesn\u2019t have a revenue problem.\u00a0 It has a spending problem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larry Kudlow: \u201c\u2026reporter Jeffrey H. Anderson uses a Treasury Department study to chronicle the 7-Eleven presidency. In fiscal year 2012, ending September 30, the government spent nearly $11 for every $7 of revenues taken in. The exact figures are $2.5 trillion in tax revenues and $3.5 trillion in spending. In other words, it spent 44 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[143,59,2136,2578,61,71,1286],"class_list":["post-16238","post","type-post","status-publish","format-standard","hentry","category-posts","tag-barack-obama","tag-deficit","tag-entitlement","tag-larry-kudlow","tag-spending","tag-taxes","tag-welfare"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=16238"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16238\/revisions"}],"predecessor-version":[{"id":16241,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16238\/revisions\/16241"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=16238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=16238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=16238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}