Sunday, December 5, 2010
Data
In today's Federal Goverment, spending is like drug to them. They need to spend more and more every day to keep America going. I found two graphs on the website http://www.usgovernmentspending.com/ which show the amount in billions of dollars being spent in the following six categories, welfare,education, transportation, pensions, protection and defense. The top area for the most spending is welfare and pensions. In 2010 $800 billion dollars is estimated to be spent on welfare and approximately $1700 billion will be spent on pensions. This gross over spending incorporates to the vast debt of the United States. With these graphs, it clearly shows me that the government is to big and spends to much. They also show that major change is required for America to be prosperous once again. The amount of spending on education and transportation in the United States in 2010 is expected to be a combined amount of approximately $210 billion dollars. I would think that that number would be closer to $500 billion because education and transportation are vital for America compared to the enormous amount being spent on welfare and pensions. This is a sad time for America with such a large debt and such a bad economy. The United States borrows money from foreign countries to help balance our budget and we pay approximately $250 billion dollars per year in interest alone for these debts. That number is expected to double, to over $500 billion by 2014. I think it is so important for every American to educate themselves to the outrageous amounts of money our government spends when we are the ones funding the government, with our taxes. If America can not support itself, we become weak and are at the mercy of forgien countries.
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