The Washington Free Beacon reported yesterday that the federal government has collected a record $1.48 trillion in taxes for the first half of fiscal year 2016, while still running a $461 billion deficit.
If this story is starting to sound familiar, there's a reason. Check out how many times the federal government has set a new tax record in the past few years:
February 15, 2015 - Federal revenues top $1 trillion for the first time ever (still ran a deficit).
August 13, 2015 - Federal government collects a record $2.6 trillion in revenue in first ten months of fiscal year 2015 (still ran a deficit).
September 14, 2015 - Feds collect a record $19,346 for every worker (still ran a deficit).
October 19, 2015 - Federal government took in a record $3,248,723,000,000 in taxes in fiscal year 2015 (still ran a deficit).
February 11, 2016 - Feds collect a record $1.079 trillion in taxes for the first four months of fiscal year 2016 (still ran a deficit).
March 11, 2016 - Feds collect a record $1,248,371,000,000 in tax revenues in the first five months of fiscal 2016 (still ran a deficit).
Don't tune this out. Unless we do something, taxes will continue to rise until they become an almost unbearable burden for our children and grandchildren.
The federal government has spent recklessly for years, and they won't change their ways with a new Congress or President. The only way to get out country back on track is through an Article V Convention of States. At a Convention of States delegates can propose constitutional amendments that force the feds to balance their budget without raising taxes. These amendments can ensure--once and for all--that our country's finances won't be derailed by an out-of-control federal government.