My favorite thing about budget breakdowns in the US is how often pundits list defense spending as a percentage of GNP (gross national product) rather than as a percentage of the annual budget. Nothing else in the budget ever gets this kind of favorable treatment (which makes it appear smaller than it actually is) except sometimes debt service.
I don’t think that’s favorable treatment. Defense is 3%. Social Security is 5%. Medicaid and Medicare is also 5%.
We can afford our defense budget and make the country better for the common person by utilizing our funds more efficiently and/or moving to universal healthcare.
I get one from the US gov. It looks like:
Military spending ======================== Other =
https://en.wikipedia.org/wiki/Expenditures_in_the_United_States_federal_budget
I love that tiny wee slice of corporate income tax compared to personal
Makes me want to calculate what goes where in my taxes based off these percentages, even if it’s not the most accurate
Interesting that the Medicare has a note that the amount includes offsetting receipts like premiums.
Makes me want to calculate what goes where in my taxes based off these percentages, even if it’s not the most accurate
My favorite thing about budget breakdowns in the US is how often pundits list defense spending as a percentage of GNP (gross national product) rather than as a percentage of the annual budget. Nothing else in the budget ever gets this kind of favorable treatment (which makes it appear smaller than it actually is) except sometimes debt service.
I don’t think that’s favorable treatment. Defense is 3%. Social Security is 5%. Medicaid and Medicare is also 5%.
We can afford our defense budget and make the country better for the common person by utilizing our funds more efficiently and/or moving to universal healthcare.