Taxes

Well, tax season is over and gosh, just where do my tax dollars go?

I'm glad you asked. It seems that for every tax dollar paid, ten cents goes to pay the interest on our military debt. Not actually on the military (28.7 cents per tax dollar). Compare that to the amount spent on a broad category called Environment, Energy and Science. We spend 2.6 cents per tax dollar on that.  How about Education Training and Social Services. 4.4 cents per dollar.

So what does our military budget look like compared to an agressive, militant country like China? Well, China has a budget of 640 billion dollars of which 59 billion dollars are spent on the military. That's a whopping 9 per cent of their budget. How's that compare to what we spend to pay for the interest on our military budget? Not so easy to say, but somewhere near the same. We will spend around 600 billion on the military this year.
Okay then, well what about the national debt in the United States? Currently, the national debt is $9,343,927,725,739 or 9.3 trillion give or take a few billion. Really? And how much do we spend every day fighting the war in Iraq? Well that's about 720 million dollars a day. So we spend 40% of our budget on the military, including 10% just to pay off the debt and we still have a national deficit of 9.3 trillion. That's right. Kind of crazy, huh? Hope every one enjoys their tax rebate check.