Dollars and Jens
Thursday, April 15, 2004
federal budget
A breakdown of where your federal tax dollars go. Of $14,506 per household that doesn't go to Social Security and Medicare, $2,860 goes to payments on previously incurred obligations — viz. interest on the debt and retirement benefits for federal employees, including veterans; I expect we are incurring new obligations at a rate in excess of this. (If the net change in obligations to federal employees were zero — I expect it's significantly higher — we're still incurring almost $2,000 above what we're paying.) How to count the $7,165 that goes to the elderly is debatable.

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