US Government Budget - Where the money goes

  • metta

    Posts: 39144

    Apr 18, 2011 6:47 PM GMT
    US Government Budget - Where the money goes

    Where%20taxes%20go-thumb.jpg

    [quote]
    National Defense 26.3% (Note that Veterans funding is broken out separately. I combine them in the chart.)
    Health Care 24.3%
    Job and Family Security 21.9%
    Education and Job Training 4.8%
    Veterans Benefits 4.1%
    Natural Resources, Energy and Environment 2.1%
    International Affairs 1.7%
    Science, Space, and Technology Programs 1.2%
    Immigration, Law Enforcement and Administration of Justice 2.0%
    Agriculture 0.8%
    Community, Area, and Regional Development 0.5%
    Response to Natural Disasters 0.4%
    Additional Government Programs 2.4%
    Net Interest 7.4% (Note that they use net, which subtracts interest received, instead if how much we pay out on the Reagan/Bush debt, which is approx twice as much.)

    Social Security is separate and self-funded.
    [/quote]


    http://www.seeingtheforest.com/archives/2011/04/will_any_conser.htm
  • metta

    Posts: 39144

    May 03, 2011 6:58 PM GMT
    How America went from surpluses to deficits

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    [QUOTE]
    There are two major takeaways from this report. The first is that the current deficit is primarily, though not exclusively, the result of policy decisions made during the Bush years. Insofar as Obama deserves blame for current deficits, it’s mainly because he hasn’t shut down Bush-era policies like the tax cuts. All the stimulus spending combined accounts for a relatively small portion of the deficit. Conversely, the financial crisis began before Obama was in office, but is unquestionably the single largest contributor to the deficit while he’s been in office.

    The second is that economic projections are uncertain at best. Without the financial crisis, our current deficits, though significant, would be much more modest. Conversely, if economic growth takes off in the coming years, or if a series of disruptive innovations and policy reforms substantially slow the growth of health-care costs, our future deficits will be much smaller than we currently project. What we control are our choices. And with the exception of the health-care reform law, few of our post-Clinton choices have been good for the deficit.
    [/QUOTE]

    http://www.washingtonpost.com/blogs/ezra-klein/post/how-america-went-from-surpluses-to-deficits/2011/04/13/AFJ0ZtaF_blog.html



    The Great Debt Shift
    http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Fact_Sheets/Economic_Policy/drivers_federal_debt_since_2001.pdf
  • metta

    Posts: 39144

    May 03, 2011 7:19 PM GMT
    ^
    The majority of politicians nor citizens will ever agree to get rid of any of those.
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    May 03, 2011 8:58 PM GMT
    southbeach1500 said
    metta8 said^
    The majority of politicians nor citizens will ever agree to get rid of any of those.


    The majority may never agree, but they will end one way or another.


    Actually the problem is in the second chart, where the Republicans spent money like Courtney Love in Amsterdam while cutting taxes.
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    May 04, 2011 2:43 AM GMT
    southbeach1500 said
    Christian73 said
    Actually the problem is in the second chart, where the Republicans spent money like ...



    ... Democrats.



    Sure. Except no Republican president has balanced the budget since Nixon.
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    May 04, 2011 4:15 PM GMT
    southbeach1500 said
    Christian73 said
    southbeach1500 said
    Christian73 said
    Actually the problem is in the second chart, where the Republicans spent money like ...



    ... Democrats.



    Sure. Except no Republican president has balanced the budget since Nixon.


    Presidents don't create the budget.

    Congress does, starting with the House.



    I think we both no better than that. The president requests a certain budget and then it goes to the House where they begin to legislate it. Yes, they must approve it but GWB not only didn't ever submit a balanced budget, but he also paid for the wars through emergency supplementals that had no spending cuts in them, and if a Democrat dared question them they were accused of being traitors who did "support the troops." icon_rolleyes.gif