In These New Times

A new paradigm for a post-imperial world

WAKE UP AMERICA! – The Real U.S. Budget Problem

Posted by seumasach on August 15, 2011

 

WAKE UP AMERICA! – The Real U.S. Budget Problem: Defense & War Spending Equal 94% Of All Federal Income Tax Revenues

Daily Bail

 

27th July, 2011

What’s missing from the debt-ceiling discussion, albeit nothing new to DB readers, is spending on wars and the pentagon.  It’s not even being mentioned as a possibility in any of the competing debt plans, despite the following undeniably depressing and disgusting facts:

From Reddit:

I thought this kind of puts things in perspective.  In 2010, the US government collected $898 billion in federal income tax revenues.  The same year, we spent $847 billion on useless wars and national defense.  That means that 94% of all federal income tax revenue is equivalent to what we spend on the Pentagon.  Who out there thinks it was money well spent?

Also, just to piss you off a little bit more – defense spending is equivalent to 443% of what we collect in total corporate taxes.

One more link you need to see:

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