Monday, February 4, 2013

WAKE UP AMERICA! – The Real U.S. Budget Problem: Defense & War Spending Equal 94% Of All Federal Income Tax Revenues



I thought this kind of puts things in perspective.  In 2010, the US government collected $898 billion in federal income tax revenues.  The same year, we spent $847 billion on useless wars and national defense.  That means that 94% of all federal income tax revenue is equivalent to what we spend on the Pentagon.  Who out there thinks it was money well spent?
Also, just to piss you off a little bit more – defense spending is equivalent to 443% of what we collect in total corporate taxes.
source

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