Will any conservative sites link to this at the White House website? Fat chance. Conservatives depend on people remaining ignorant of where tax dollars are actually spent.
Your 2010 Federal Taxpayer Receipt | The White House offers a breakdown of where your tax money is spent. At the site you can drill down into each of these to see details.
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%
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.
I made a pie chart: (click for larger)
To fix the budget deficit:
1) Fix the hole in revenue by putting top tax rates back to where they were before Reagan.
2) Cut military spending. We spend more than all other countries combined.
3) Fix the health care cost problem. We spend much more per person than other countries. You know why.
4) Much of that big “Job and Family Security” slice goes away if you create jobs.
Dave Johnson (Redwood City, CA) is a Fellow at Campaign for America's Future, writing about American manufacturing, trade and economic/industrial policy. He is also a Senior Fellow with Renew California. Dave has more than 20 years of technology industry experience including positions as CEO and VP of marketing. His earlier career included technical positions, including video game design at Atari and Imagic. And he was a pioneer in design and development of productivity and educational applications of personal computers. More recently he helped co-found a company developing desktop systems to validate carbon trading in the US.
"The world is a rigged game"
Matt Taibbi at Rolling Stone: “Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.”
On winning and values
So, right-wingers, you want a society where families are stable, where everybody looks like you and shares your Christian faith, and where the government pretty much stays out of your business? It’s not in some Randian fantasy, it’s right here in the USA.
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