Posts Tagged ‘spending’

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.

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Global military spending

July 29, 2008
Rank Country Spending ($ b.) World Share (%)
World Total 1339 100
1 Flag of the United States United States 547 45
2 Flag of the United Kingdom United Kingdom 59.7 5
3 Flag of the People's Republic of China China 58.3 5
4 Flag of France France 53.6 4
5 Flag of Japan Japan 43.6 4
6 Flag of Germany Germany 36.9 3
7 Flag of Russia Russia 35.4 3
8 Flag of Saudi Arabia Saudi Arabia 33.8 3
9 Flag of Italy Italy 33.1 3
10 Flag of India India 24.2 2
11 Flag of South Korea South Korea 22.6 2
12 Flag of Brazil Brazil 15.3 1
13 Flag of Canada Canada 15.2 1
14 Flag of Australia Australia 15.1 1
15 Flag of Spain Spain 14.6 1