Funding the Military: Difference between revisions
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*Government spends about $600B more than it has - [https://en.wikipedia.org/wiki/United_States_federal_budget#Overview]. This is the deficit. Who pays for it? | *Government spends about $600B more than it has - [https://en.wikipedia.org/wiki/United_States_federal_budget#Overview]. This is the deficit. Who pays for it? | ||
*US Debt is about $20T, increasing $1T/year since 2007. | *US Debt is about $20T, increasing $1T/year since 2007. | ||
*US GDP is about $19T | |||
Revision as of 00:21, 8 February 2018
- $581 billion USA military budget in 2014 - https://en.wikipedia.org/wiki/Military_budget
- 53% of Americacn tax money funds the military - about $1.3Trillion - [1]. Note: these figures are questionable, need more data.
Other
- Total taxes - federal, state, local - around $6.6 Trillion. Federal income tax is 2.6 trillion.
- US budget for 2018 - around $4 trillion - [2]
- Government spends about $600B more than it has - [3]. This is the deficit. Who pays for it?
- US Debt is about $20T, increasing $1T/year since 2007.
- US GDP is about $19T