As Ezra Klein wrote, "two of every five dollars goes to Social Security, Medicare or Medicaid, all of which provide some form of insurance. A bit more than a buck goes to the military. Then there's a $1.50 or so for assorted other programs -- education, infrastructure, environmental protection, farm subsidies, etc. Some of that, like unemployment checks and food stamps, is also best understood insurance spending. And then there's another 40 cents of debt repayment." The business of the U.S. government, he concludes, is insurance ... and military.
Is it just me – or the spending chart of the US government totally out of whack ? It spends less than 20% on things that matter – education, environment, infrastructure, R&D – and flushes the rest down the crapper.
GOD SAVE AMERICA.
Source: http://www.theatlantic.com/business/archive/2011/04/where-do-your-tax-dollars-go-a-long-story-in-5-quick-graphs/237128/
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