Why Do You Have Trouble Getting Help With Your Mortgage?

Where’s all the money going? We all have our  ideas… This past week, almost under the radar, the Congress passed yet another “Supplemental” war spending bill–$97 billion for our wars in Iraq and Afghanistan… And, these wars are accomplishing exactly what? Nobody seems to know.  We do know this money is supplemental to the already bloated Defense Department budget which consumes nearly 40% of the total U.S. budget.

How does it break down? Well,f or the 2009 fiscal year, the base budget rose to $515.4 billion. Adding emergency discretionary spending and supplemental spending brings the sum to $651.2 billion.  This does not include many military-related items that are outside of the Defense Department budget, such as nuclear weapons research, maintenance and production (about $9.3 billion, which is in the Department of Energy budget), Veterans Affairs (about $33.2 billion), interest on debt incurred in past wars, or the wars in Iraq and Afghanistan (which are largely funded through extra-budgetary supplements, about $170 billion in 2007). As of 2009, the United States government is spending about $1 trillion annually on defense-related purposes.

Military discretionary spending accounts for more than half of the U.S. federal discretionary spending, which is all of the U.S. federal government budget that is not appropriated for mandatory spending. Every year it rises, but it is not sustainable. Soon, the government will not be able to make mandated payments, such as Social Security and Medicare, which are in direct support of its citizens–US–since it will be too impoverished  supporting military adventures abroad and monstrous military expenditures at home. Altogether the US is spending HALF  of the entire world’s military budget, over 8 times as much as the next biggest spender, China.

There you have it. In case you’re wondering why you get no help with health care or your mortgage, that’s why.


Reblog this post [with Zemanta]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s