Where Your Income Tax Money Really Goes
Each year War Resisters League analyzes federal funds outlays as presented in detailed tables in "Analytical Perspectives" of the Budget of the United States Government. The analysis is based on federal funds, which do not include trust funds — such as Social Security — that are raised separately from income taxes for specific purposes. What you pay (or don’t pay) by April 15, 2009, goes to the federal funds portion of the budget.
While we do not expect the military percentage to change much, Obama’s 2010 budget presentation should include funding for the bank bailout, takeover of Fannie Mae and Freddie Mac, and the stimulus package. The Bush administration (with little Congressional opposition) refused to budget for the wars in Iraq, Afghanistan, and the wider war on terror, intentionally hiding the full monetary costs of their criminal activities. We must demand that all future administration present a more complete and honest budget than we have seen in recent years.
The largest spending bill in history is going to turn out to be the war in Iraq... I don't understand why... building a road, building a school, helping somebody get health care, that's wasteful spending, but that war in Iraq... is going to cost us over $1 trillion before we're through...
Congressman Barney Frank on This Week with George Stephanopoulos, ABC, February 1, 2009.
Add comment April 1st, 2009
