In 2015, the US
federal government budget was $3.8 trillion. The interest on the debt was
$229.15 billion, discretionary spending was $1.11 trillion and mandatory
spending was $2.45 trillion.
Discretionary spending
of $1.11 trillion was dominated by the Military DOD budget that was $598.49
billion. The other categories were:
Government $72.89
billion
Education $69.98
billion
Health $66.03 billion
Veterans $65.32
billion
Housing $63.24 billion
International $40.94
billion
Environment $39.14
billion
Science $29.7 billion
Transportation $26.28
billion
Agriculture $13.13
billion
Mandatory spending of
$2.45 trillion was dominated by Social Security at $1.25 trillion. The other
categories were:
Medicare $985.74
billion
Agriculture $122.57 billion
Veterans $95.31
billion
Transportation $58.7
billion
Other $58.18 billion
In 2015, the taxes
paying for the federal budget included:
Individual Income
Taxes $1.48 trillion
Payroll Taxes $1.07
trillion
Corporate Taxes $341.7
billion
In 2015, tax revenues
of $3.18 trillion were expected and planned spending was $3.8 trillion. The
deficit for 2015 was expected to be $583 billion.
US federal revenue
increased since 2014 as follows:
2015 $3.25 trillion
2016 $3.27 trillion
2017 $3.32 trillion
2018 $3.34 trillion
2019 $3.422 trillion
estimated.
In 2018 US federal
spending will be $4.17 trillion with a deficit of $830 billion.
The 2019 US federal
budget is planned to spend $4.407 trillion with a deficit of $985 billion.
Interest on the
federal debt for October 1, 2017 to September 30, 2018 was $310 billion.
Federal spending
should continue to be cut on education, foreign aid, fake science and grants to
rogue states, sanctuary cities, universities, non-profits and excessive grants
to States to remove socialist-globalist propaganda. States should concentrate
on critical infrastructure and cut fluff and interest costs.
As jobs are restored
to US citizens, we should see our economy normalize as citizens lift themselves
out of welfare programs. We need to stop admitting welfare migrants and
eliminate their $934 billion in welfare costs.
Norb Leahy, Dunwoody
GA Tea Party Leader
No comments:
Post a Comment