WAKE UP AMERICA!-The Real US Budget Problem: Defense/War Spending=94% Of All Fed Income Tax Revenues

[kpete]

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

From Reddit:
http://www.reddit.com/r/politics/comments/j0tek/the_real_american_budget_problemdefense_spending/

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.

http://dailybail.com/home/wake-up-america-the-real-us-budget-problem-defense-war-



http://www.washingtonpost.com/wp-srv/special/politics/budget-2010/

[Ishoutandscream2]

1. Thanks for this

Are folks in our so called news industry starting to wake up now?

[Ozymanithrax]

2. kpete, this is beautiful...

[wildbilln864]

3. k&r! Thanks. nt

[wtmusic]

4. The real problem is the deficit.

We could have paid for defense spending twice over with the amount the U.S. borrowed last year.

[hack89]

5. And 35% of total revenue. nt

[ladjf]

6. The military budget is most definitely the "elephant in the room." nt

[Historic NY]

7. 251 billion goes down a rat hole....imagine if it went towards the debt.