The primary recipients of newly created money are currently banks and corporations who are able to borrow from the Fed almost 0% interest and loan this to the public at much higher interest rates.
100 million trees and $178 billion worth of time could be saved every year by not subsidizing junk mail.
Military Spending By Country Over Time
The US accounts for about 37 percent of total global military spending, but only represents 4.4 percent of the world’s population. World military spending totaled more than $1.6 trillion in 2015. The U.S. accounted for 37% of total global military spending.
The entire US Federal Budget alone is $4.4 trillion and the US population is 328,316,410. Dividing the US budget by the US population produces $13,401 in federal spending per American. $1.87 trillion in state spending produces $5,695 per person in state government spending. $1.99 trillion in local spending produces $6,061 per person in local government spending. Total […]
The US spends more than $500 million per victim on anti-terrorism efforts. However, cancer research spending is only $10,000 per victim. Evolutionary psychology may offer an explanation for this irrational threat amplification.
The financial sector receives more of the average paycheck than any other sector of the economy. Its share of the economy totals $2 trillion dollars. In 1985, the financial sector earned less than 16% of domestic corporate profits. Today, it’s over 40%. In the 1960s, finance and insurance accounted for only 4% of GDP, whereas in 2007 […]
World governments are spending $1.8 TRILLION each year finding ways to murder us and destroy our property.
Dear President Obama, I know you’re very busy, so I’m very sorry to bother you with this. However, I think what I have to say too important for you to ignore. I appreciate that you are trying to make the world a better place. I respect you as a person. Against all adversity you have achieved some very amazing […]
On Sept. 10, Secretary of Defense Donald Rumsfeld declared war. Not on foreign terrorists, “the adversary’s closer to home. It’s the Pentagon bureaucracy,” he said. He said money wasted by the military poses a serious threat. “In fact, it could be said it’s a matter of life and death,” he said. Rumsfeld promised change but […]
Governor Romney™ has been scientifically proven to increase spending faster than the President Obama™! Obama has only increased government spending a disappointing 5.5% annually over his term.
It is commonly claimed that government spending is good for the economy, but the statistics show the opposite. Most recent studies find a negative correlation between total government size and economic growth. Why is economic growth important? Because wealthier societies are generally happier societies. No matter how good things get for us, we always want more. Human beings want […]
The financial sector primarily backed Romney in 2012 after having supported Obama in 2008.
GOP Candidate Ron Paul has produced a detailed budget containing over $1 trillion in first-year reductions. Mitt Romney, Rick Santorum, and Newt Gingrich have only indicated that they would attempt to repeal Obamacare saving an average of $20 billion a year.
15% of likely U.S. voters think the federal government should continue to provide funding for foreign countries to buy military weapons from U.S. companies. Seventy percent (70%) oppose this funding to promote U.S. arms sales.
Now starving doctors will finally be able to afford an iPad thanks to your generous tax contribution!
About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.
The average household in America had to shell out around $2000 to make sure that AIG’s counter-parties wouldn’t have to accept the risks they took.
A clear examination of the true costs of the bailouts.
We’re taxing successful, competently run businesses to subsidize irresponsible, poorly run businesses. Until we realize this simple fact, the previous trend of increased productivity and standards of living will only be a memory.
Those who say “These are extraordinary times. We can’t afford to worry about the national debt now. We’ll be in a better position to deal with that later.” should check out these projections.