Thread: Dear Bush
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F. George McDuffee
 
Posts: n/a
Default OT: was Cliff rant

Major major problem is that the Federal Budget/annual report is
no more, and most likely much less, reliable than was Enron's.
The old joke about embezelement hold true -- The horses never
come in but the auditors always do [although lately these seem to
have been apointed by the bankruptcy courts].

I have to go no -- got to get another layer of sandbags over the
bunker while theres still time.

Uncle George


On Wed, 18 Jan 2006 21:03:16 -0500, "Ed Huntress"
wrote:

"zadoc" wrote in message
.. .
So what is it all being spent on? Well, as it happens I was listening
to an interview with John Kenneth Galbraith on Radio National [which
is also Radio Australia] a couple of days ago...


snip

As much as I like the old codger, take that with a big grain of salt. The US
budget is a cornucopia for anyone who likes to cook with statistics.

If you take the whole US budget, including Social Security, military
spending runs around 19% of the budget. For comparison, Medicare (our
medical insurance for seniors) is 13% of the budget. Medicaid, which is
medical insurance for the poor, is 8%. Social Security is 21%. (These are
the New York Times figures, which are respected in the financial community
and in other places where people really want to know what the numbers are,
and aren't trying to use them for propaganda.)

But Galbraith is old, and remembers when we didn't count SS in the budget
(pre-1965, I think). In those terms, if you accept the (probably twisted)
statistics of the anti-war crowd, military spending in total looks like 48%
of the budget. I seriously doubt if it's that high.

So, pick the numbers you want to fight with, and go for it. Just keep in
mind that no one will believe any of it. g