Thread: OT - Politics
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Doug Winterburn Doug Winterburn is offline
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Default OT - Politics

Greg G. wrote:

Out of $2.568 trillion spent in 2006:

460 billion went to the Treasury and 406 billion of this was for
payment of Interest to bankers on loans.

520 billion went to the DOD/Military Industrial.

610 billion went towards Heath and Human services.

Education ate a whopping 61 billion.
The DOT received 56 billion.
NASA blew up 15 billion.
The EPA wasted 12 billion.
National Science Foundation collected 6 billion.

Currently, there is more being paid into the Social Security Trust
Fund than is being paid out to beneficiaries. What's left is routinely
"borrowed" and used as if it were general budget revenue. Government
agencies using that money promise to pay it back, yet all of the money
in the Social Security Trust Fund has been spent. That is now part of
the $9.1 trillion National Debt. Social Security is currently
operating as a very large tax collection tool.


The "routine borrowing" is the law since the inception of SS. the trust
funds (and there are approx 150 of them) portion of the national debt is
about 4 trillion of the 9 trillion.

Folks that want the national debt eliminated should realize that it
would require 100% privatization of the SS and other trust funds as if
that debt were paid off, the trust funds would have to invest in non
government notes and equities, stuff it in matresses or bury it in
coffee cans somewhere.

As you can see, the bulk of expenditures are wasted on bankers,
military industrialists, and medical/subsidies. As far as I'm
concerned, the bulk of it could be eliminated. These are some of the
most concentrated groups of corrupt players on the dole.


Over 60% of the federal budget is for social programs. How SS and
medicare were justified under the commerce clause must have been an
interesting exercise in logic and law.