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$10,500 goes to Past and Current Military $5,500 goes to Health $2,500 goes to Interest on Non-Military Debt $2,250 goes to Anti-Poverty Programs $1,000 goes to Education, Training & Social Services $1,000 goes to Government & Law Enforcement $750 goes to Housing & Community Development $750 goes to Environment, Energy & Science $500 goes to Agriculture, Commerce and Transportation $250 goes to International Relations
If you really want to know... it isn't as simply put as "National Defense"... 80% of it goes to corruption and 20% goes to shut everyone up in the form of entitlements...
Medicare and medicaid. That amount has and will continue to grow like crazy in the next few years, particularly if we go all out socialized medicine.
I will tell you now, that's the big budget issue. Not the cost of Iraq, not interest on the national debt, not any kind of recession, and it's somewhat related to social security. Socialized medical care expense will eat this country alive.
When a country's national debt rises rapidly (like ours) it's currency gets devalued. When a currency is devalued global commodities (oil, gold) all of the sudden become much more expensive. Almost half of the run up in oil is related to our currency devaluation. This is our country's fault.
Here's a historical record of receipts and outlays. Federal Funds includes income taxes, estate taxes, user fees, duties, etc. Trust Funds includes Social Security, Medicare, Gasoline taxes, etc. The trust funds had an operating surplus of 250 billion dollars last year. The rest of the government had a 410 billion dollar deficit last year and has run up a cumulative 9 trillion dollar debt. Since the government never balances its budget and reduces its debts, future interest payments appears to be the largest problem for the government. Even if they no longer ran operating deficits after this year, the government would still pay out nearly 35 trillion dollars in interest over the next 75 years. The problem rivals that of Medicare's 33 trillion dollar unfunded liability.
Medicare and medicaid. That amount has and will continue to grow like crazy in the next few years, particularly if we go all out socialized medicine.
I will tell you now, that's the big budget issue. Not the cost of Iraq, not interest on the national debt, not any kind of recession, and it's somewhat related to social security. Socialized medical care expense will eat this country alive.
I agree. The details of the budget are available for all to see on line. Take a close look at the defense spending portion and you will see that Iraq is not by far the largest part of the overall defense budget.
Also, the SS and social services in total is staggering when you think about it. Trust me, raising tax rate on the wealthiest is not going to solve the problem.
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