Tag Archives: billion-or-more

Your tax dollars at war. If you're like me, now that we're in the week that federal income taxes are due, you are finally starting to collect your records and prepare for the ordeal. Either way, whether you are a procrastinator like me, or have already finished and know how much you have paid to the government, it is a good time to stop and consider how much of your money goes to pay for our bloated and largely useless and pointless military. The budget for the 2011 fiscal year, which has to be voted by Congress by this October 1, looks to be about $3 trillion, not counting funds collected for Social Security (since the Vietnam War, the government has included the Social Security Trust Fund in the budget as a way to make the cost of America's imperial military adventures seem smaller in comparison to the total cost of government). Meanwhile, the military share of the budget works out to about $1.6 trillion. That figure includes the Pentagon budget request of $708 billion, plus an estimated $200 billion in supplemental funding, called “overseas contingency funding” in euphemistic White House-speak), to fund the wars in Afghanistan and Iraq, some $40 billion or more in “black box” intelligence agency funding, $94 billion in non-DoD military spending, $100 billion in veterans benefits and health care spending, and $400 billion in interest on debt raised to pay for prior wars and the standing military. The 2011 military budget, by the way, is the largest in history, not just in actual dollars, but in inflation-adjusted dollars, exceeding even the spending in World War II, when the nation was on an all-out military footing. Military spending in all its myriad forms works out to represent 53.3 percent of total US federal spending. It's also a budget that is rising at a faster pace than any other part of the budget (with the possible exception of bailing out crooked Wall Street financial firms and their managers). For the past decade, and continuing under the present administration, military budgets have been rising at a nine percent annual clip, making health care inflation look tiny by comparison. more at link… added by: WakeUpPeople