America’s Expenses, Income & Debt for 2016 – 2017

For fiscal years 2016 and 2017 (October 2016 – September 2017), the U.S. federal government spent $3.98 Trillion to pay its bills (I.e. Military, Social Security, Medicare/Medicaid, Education etc.). Here’s how much of it was spent:

Medicare/Medicaid (Dept. of Health & Human Services)  – $1.1 Trillion

Social Security  – $1 Trillion

Dept. of Defense  – $568 Billion

Dept. of Treasury INTEREST ONLY on our Debt – $457 Billion

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

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

Income

The federal government also collected roughly $3.31 Trillion from taxpayers (I.e. Your paycheck).

Here’s the full Department of Treasury report for both expenses and income.

Debt

Finally, over the years, the federal government has borrowed money to take care of its needs. Currently, it owes over $20.4 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 the 2016 – 2017 fiscal year, the federal government used the taxes we paid to pay $457 Billion in INTEREST ONLY on the total amount it owes.

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

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Nurses Recommend Nurse to Patient Ratios

We as a country spend a lot of our federal tax dollars on medical care. Medicare, medicaid and the  affordable care act (Obamacare) are large parts of that spending.

Much of that care money is spent on the hard work that our country’s nurses provide. But they are human beings and not robots in an assembly line. There is a physical limit to what they can do to deliver optimal care to patients.

The image above is their recommendation on what the nurse to patient ratio should look like. Here is what they further say:

National Nurses United(NNU) — the largest union of registered nurses in the country — is proud to announce the introduction today in the U.S. Senate by Sen. Sherrod Brown (S.1063) and in the U.S. House of Representatives by Rep. Jan Schakowsky (H.R. 2392) NNU-sponsored legislation setting specific safety limits on the numbers of patients each RN can care for in hospitals throughout the U.S.

The bills, both known as the Nurse Staffing Standards for Hospital Patient Safety and Quality Care Act, establish minimum RN-to-patient ratios for every hospital unit at all times. They also provide whistleblower protection to assure that nurses are free to speak out for enforcement of safe staffing standards.

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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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America’s Expenses, Income & Debt for 2016

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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.

The other roughly $.20 combined spending goes for everything else including Education, Veterans, Homeland Security, Housing & Urban Development, Transportation, Energy, Agriculture, Environmental Protection.

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 $19.8 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 2016, the federal government used the taxes we paid to pay $429 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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America’s Expenses, Income & Debt for 2015

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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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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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Total 2015 Federal Government Spending

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Here is everything for 2015 that the federal government spent on (actual, column 4), with the money they took out every one of your paychecks:

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

 

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Make Political Donations Part of Your Financial Plan

Do you make giving to politic47152wn6unnf73bal campaigns part of your overall financial plan? Government plays a critical role in our daily lives. The scope of that role can include monitoring the quality of the air that we breathe, maintaining the strength of the military that protects us or funding the care provided by Medicare and Medicaid. Government also strikes partnerships with the business community to help meet our collective needs.

What do You Want Government to Do?

For many Americans, the critical role of government and their relationship with business is a great association. They believe it’s a link that should continue into the future and evolve to meet the countless needs of our democracy. Others however think that role should be reduced as much as possible.

Whatever a voter’s belief in the role of government, it is a system that needs financial support. Support that is needed at the local, state and federal level.

Plan Political Donations like other Life Goals

Like planning for college, retirement or starting a business, political giving can fit in the financial planning of American voters. The giving can be done on a periodic basis or on an occasional basis. Regardless of how it’s done though putting together a plan with a financial advisor can go a long way in enhancing not only the lives of the giver but the efforts of the candidate they support.

Contributors can look for causes they care about. A strong business focus, caring for the homeless, reducing taxes or insuring that everyone is covered by medical insurance. Whatever the cause, supporting candidates that believe in those causes can add a lot to the overall satisfaction of the donor along with our democracy.

Choose How Much to Donate and When

Once donors have chosen the campaigns to contribute to they can decide on what the dollar amount will be on a regular or periodic basis. That amount of course should work within the overall financial budget. If not financial problems could develop down the line.

Again, this support can start at the school board level or it can go as far as a national campaign. The important part is to keep in mind that elected officials also respond to those who donate to their campaign. By giving on a consistent basis voters can let their voices be heard.

Political donors throughout the country care about a number of issues that affect our society in either a small or big way. The best way to have their voice heard is not only contacting their politicians but also giving to their campaigns. When it comes to having an overall financial plan to do that, once necessary bills are paid, giving to political campaigns can help enhance the life of not only the giver but the politician that is receiving the donation.

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