Funding the Military

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  • Forbest - The Costs of War- [4]
  • Total taxes - federal, state, local - around $6.6 Trillion. Federal income tax is 2.6 trillion.
  • US budget for 2018 - around $4 trillion - [5]
  • Government spends about $600B more than it has - [6]. This is the deficit. Who pays for it?
  • US Debt is about $20T, increasing $1T/year since 2007.
  • US GDP is about $19T