Posts Tagged ‘federal debt’

Where do our tax dollars go?

August 1, 2008

Ever wonder where your tax dollars go.  I find it strange that we spend more than twice as much money on the war in Iraq and Afghanistan than we do in th entire U.S. Department of Education.  Our interest payments on debt is more than the budget for the departments of Health and Human Services, Education, Veterans Affairs, HUD, and Homeland Security combined.

· Discretionary spending: $1.21 trillion (+4.9%)

*The financial cost of the Iraq War and the War in Afghanistan are not part of the defense budget; they are appropriations.