President Trump’s 2018 Budget Proposal

Today, Mick Mulvaney, Director of the Office of Management and Budget (OMB), released President Donald Trump’s budget proposal for 2018.

Here is the full text

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We Don’t Waste A Lot of Our Tax Dollars on Welfare

According to the Department of the Treasury, in 2016, the federal government spent $3.8 Trillion to pay its bills (I.e. Military, Social Security, Medicare/Medicaid, Education etc.). Here’s how much of it was spent:

* Medicare/Medicaid  – $1.1 Trillion

* Social Security  – $976 Billion

* Dept. of Defense  – $565 Billion

* Dept. of Treasury INTEREST ONLY on our Debt – $429 Billion

Those four “items” alone account for roughly $.80 for every $1 spent by the federal government.

Also according to the Department of the Treasury, the food stamps program which is part of spending through the Department of Agriculture, is less than 2% of overall federal spending each year. 2 cents of every $1 we pay in taxes

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Quick Summary of Social Security for 2016

According to the Department of the Treasury, the federal government spent $976 Billion (of $3.8 Trillion in total) for Social Security benefits in 2016. They took in $1.06 Trillion (of $3.2 Trillion in total) for 2016.

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America’s Expenses, Income & Debt for 2015

government-unclaimed-money1

In 2015, the federal government spent close to $3.7 Trillion to pay its bills (I.e. Military, Social Security, Medicare/Medicaid, Education etc.). Here’s how much of it was spent:

* Medicare/Medicaid  – $1 Trillion ($.27 for every $1 spent)

* Social Security  – $944 Billion ($.26 for every $1 spent)

* Dept. of Defense  – $562 Billion ($.15 for every $1 spent)

* Dept. of Treasury INTEREST ONLY on our Debt – $402 Billion ($.11 for every $1 spent)

Those four “items” alone account for $.79 for every $1 spent by the federal government.

The other $.21 combined spending goes for everything else including Education, Veterans, Homeland Security, Housing & Urban Development, Transportation, Energy, Agriculture, Environmental Protection.

Budget

Department of Treasury related link

Income

The federal government also collected roughly $3.2 Trillion from taxpayers (I.e. Your paycheck).

Here’s the breakdown

Debt

Finally, over the years, the federal government has borrowed money to take care of its needs. Currently, it owes over $19 Trillion on its “credit cards” and “loans” combined (national debt).

Here is a real time total of what the federal government owes and who it owes it to.

As stated earlier, in 2015, the federal government used the taxes we paid to pay $402 Billion in INTEREST ONLY on the total amount it owes.

Here’s how much the national debt has grown since 2000:

debt.jpg

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Food Stamps Argument in Walmart

Recently, a working man and woman had an argument about him using food stamps to buy food for his family in Walmart. Here’s the video (strong language advisory):

First of all, he’s with his child. She’s way out of line. Second of all, it’s ironic they’re inside Walmart which is responsible for countless American manufacturing and other jobs being shipped overseas. All in the name of lower prices for customers like her.

Also, Walmart routinely avoids paying taxes to the US federal government on its overseas profits by keeping it in Luxembourg. But she still shops there and doesn’t lecture/protest them.

As for her disrespect directed at him. It’s over MAYBE $.03 for every $1 of federal taxes she paid. Not even a nickel. If she knew the following numbers, she probably wouldn’t have been such a jerk to this working man and his child.

In fiscal 2015 the Federal government did the following:

Spent a total of $3.687 Trillion.

Here’s how it was spent on the larger “items.”

* Medicare/Medicaid Spending for 2015 – $1 Trillion ($.27 for every $1 spent)

* Social Security Spending for 2015 – $944 Billion ($.26 for every $1 spent)

* Dept. of Defense Spending for 2015 – $562 Billion ($.15 for every $1 spent)

* Dept. of Treasury INTEREST ONLY on our Debt – $402 Billion ($.11 for every $1 spent)

Those four “items” alone account for $.79 for every $1 spent by the federal government.

The other $.31 combined spending goes for everything else including Education, Veterans, Homeland Security, Housing & Urban Development, Transportation, Energy, Agriculture, Environmental Protection

As for her/our tax dollars that this working man is spending:
Dept. of Agriculture – SNAP/Child Nutrition/WIC combined programs– $103 Billion ($.0279 for every $1 spent)

Department of Treasury related links:

https://www.treasury.gov/press-center/press-releases/Pages/jl0213.aspx

https://www.treasury.gov/press-center/press-releases/Documents/Outlays%20By%20Agency.pdf

Link to Walmart avoiding US federal taxes:

http://www.forbes.com/sites/clareoconnor/2015/06/18/walmart-report-on-76-billion-hidden-in-tax-havens-flawed/#7eeeb0ab7240

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The President and First Lady’s Full Tax Return for 2015

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The President and First Lady’s Full Tax Return for 2015

https://www.whitehouse.gov/sites/whitehouse.gov/files/images/Blog/Obamas%202015%20Taxes.pdf

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Total Amount The US Government Owes

irs-building1In 2015 the federal government spent $3.7 Trillion to pay its bills (I.e. Military, Social Security, Medicare/Medicaid, Education etc.). It also collected $3.2 Trillion from taxpayers (I.e. Your paycheck).

Over the years, the federal government has borrowed money to take care of its needs. All together, it owes $18.7 Trillion on its “credit cards” and “loans” combined.

In 2015, it used the taxes we paid to pay $402 Billion in INTEREST ONLY on the total amount it owes.

Here is a real time total of what the federal government owes and who it owes it to.

http://www.treasurydirect.gov/NP/debt/current

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