News Focus
News Focus
Followers 51
Posts 9828
Boards Moderated 1
Alias Born 07/21/2006

Re: rbl100 post# 123036

Friday, 01/14/2011 5:06:57 PM

Friday, January 14, 2011 5:06:57 PM

Post# of 574817
Where does our TAX money go? Simple as 1, 2, 3:

1.The BIGGIE is that HUGE RED CLOUD in the chart called SOCIAL PROGRAM Spending, which consumes 58% of the budget. (To place this in perspective, in 1948 social spending was but 10% of the federal budget - - prior to the New Deal it was near zero).

2. Defense is next at 18.8% of the budget. From the Special Summary Report it is shown that national defense was the number one reason our founding forefathers gave for forming a federal government, yet it is allocated but 19% of the budget - - meaning 81% of federal spending is on other things mostly not included in their reasons for forming a federal government. (see National Security Report)

3. 'Other' in the chart represents the balance of the government, which consumes 14% of the total for such items as FBI, Treasury, Interior, Justice, EPA, etc. - which lately has been rising faster than the economy.

http://grandfather-economic-report.com/fed_budget.htm

http://grandfather-economic-report.com/fed_budget.htm

http://grandfather-economic-report.com/

http://grandfather-economic-report.com/fed_budget-a.htm

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today