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Old 09-26-2008, 04:44 AM
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DSkippy
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Default RE: $700 Billion Bailout

More to this, here are numbers for 2009 U.S. Federal Budget:

$737 billion for the Department of Health and Human Services, including $408 billion for Medicare and $224 billion for Medicaid


$651 billion for the Department of Defense, including $70 billion in "emergency funding for the Global War on Terror" established.


$95 billion for the Department of Agriculture, including $61 billion for "nutrition assistance programs" like food stamps


$92 billion for the Department of Veterans Affairs, including $44 billion for disability compensation and $39 billion for medical care


$71 billion for the Department of Transportation, including $37 billion for the Federal Highway Administration


$67 billion for the Department of the Treasury, including $11 billion for the Internal Revenue Service


$64 billion for the Department of Education, including $21 billion to support the No Child Left Behind Act


$54 billion for the Department of Labor, including $37 billion for unemployment insurance benefits


$46 billion for the Department of Housing and Urban Development, including $16 billion for tenant rental assistance and $6 billion for public housing


$44 billion for the Department of Homeland Security, including $16 billion for customs and border enforcement


$39 billion for the Department of State, including $5 billion for foreign military financing and $5 billion for AIDS relief


$27 billion for the Department of Justice, including $7 billion for the Federal Bureau of Investigation and $6 billion for the federal prison system


$25 billion for the Department of Energy, including $10 billion for "maintaining the nuclear stockpile and transforming the weapons complex"


$11 billion for the Department of the Interior, including $2 billion for the National Park Service and $2 billion for the Bureau of Indian Affairs


$8 billion for the Department of Commerce, including $4 billion for the National Oceanic and Atmospheric Administration and $3 billion for the Bureau of the Census


"Of course, all of these numbers are a drop in the bucket of the national debtthe amount the U.S. government owes to all of its creditors. That figure is just under $10 trillion. So $700 billion represents about 7 percent of the national debt." KnowledgeNews.net

So we as a nation are living beyond our means. Which is normal while at war, but we should keep this in mind.

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