Memorial Day weekend is expected to be hot, temps in the 90s. Total rainfall for this week at the Hester household was 1.5 inches. (as of 6AM Thursday)
Lots of budget talk at all levels of government this time of the year.
I was curious about Fed numbers, so I Google US budget. The latest numbers from this source was for FY 2015.
Total US Budget $3.8 Trillion.
Income Tax 1.48T
Corporate Income Tax 342B
Custom Duties 35B
Excise Taxes 38B
Trust Funds 1.13T
Social Security & Medicare Taxes 1.07T
Excise Taxes 58B (?)
Custom Duties 1.7B (?)
Where the money goes:
Interest on Debt 229B 16%
Discretionary Spending 1.11T 29%
Housing & Community 63B
Internal Affairs 41B
Energy & Environment 39B
Mandatory Spending 2.45T 65%
Medicare & Health 986B
Social Security 895B
Food Assistance 104B
Not sure of totals, close enough for government budgeting, I suppose. Google US Budget for more info.
It’s clearly a budget. It’s got a lot of numbers in it. George W. Bush
Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets. Thomas Sowell
The budget tells us what we can’t afford, but it doesn’t keep us from buying it. William Feather
robert g hester