K-12 Tax & Spending Climate: US Budget Deficit Hits $600 Billion In 6 Months, As Spending On Interest Explodes

Tyler Durden:

The US is starting to admit that it has a spending problem.

According to the latest Monthly Treasury Statement, in March, the US collected $210.8BN in receipts – consisting of $88BN in individual income tax, $98BN in social security and payroll tax, $5BN in corporate tax and $20BN in other taxes and duties- a drop of 2.7% from the $216.6BN collected last March and a clear reversal from the recent increasing trend…

Madison spends nearly $20,000 per student, far more than most K-12 taxpayer supported Districts.