Financial Problem?

amdx · 2011-06-30T19:16:06+00:00

In 2010 the US government spent3.5 Trillion dollars.2.2 Trillion dollars was collected in tax revenue.1.3 Trillion was borrowed and will ultimately be paid by the children.Here is the breakdown of the budget.Defense..................................20% or $705 Billion.(of this 4.8% or $170 Billionwent the Afganistan and Iraq wars)Social Security..........................20% or $707 Billion(54.1 Million receive checks)Medicare, Medicaid andChildrens Health Ins. Program.......... 21% or $732 BillionSafety Net Programs......................14% or $496 BillionInterest on the National Debt.............6% $196 BillionPayments to Fed. Retires and Vet...........7% or $245 BillionThat's 88% of the budget.So were do we cut? MikekData from