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Wednesday, April 14, 2010

More Than 53 Percent of Your Tax Bill Goes to the Military http://www.truthout.org/dave-lindorff-more-53-percent-your-tax-bill-goes-military58534

The budget for the 2011 fiscal year, which has to be voted by Congress by this October 1, looks to be about $3 trillion, not counting funds collected for Social Security (since the Vietnam War, the government has included the Social Security Trust Fund in the budget as a way to make the cost of America's imperial military adventures seem smaller in comparison to the total cost of government). Meanwhile, the military share of the budget works out to about $1.6 trillion.

That figure includes the Pentagon budget request of $708 billion, plus an estimated $200 billion in supplemental funding, called "overseas contingency funding" in euphemistic White House-speak), to fund the wars in Afghanistan and Iraq, some $40 billion or more in "black box" intelligence agency funding, $94 billion in non-DoD military spending, $100 billion in veterans benefits and health care spending, and $400 billion in interest on debt raised to pay for prior wars and the standing military.The 2011 military budget, by the way, is the largest in history, not just in actual dollars, but in inflation-adjusted dollars, exceeding even the spending in World War II, when the nation was on an all-out military footing.

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