The True Cost of the Iraq War
49% of Taxes
go to the Military
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*Where Your Income Tax Money Really Goes
The cost of the Iraq war could top $US 2 trillion ($2.66 trillion), far above the US administration's pre-war projections. New study takes into account long-term costs of healthcare for wounded soldiers.
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*Iraq war costs could top $2 trillion
US Federal Budget 2007
Current Military, $563 billion UNBUDGETTED: Iraq & Afghanistan Wars $100 billion (est.)Past Military,$439 billion Human Resources, $748 billion General Government, $281 billion Physical Resources, $131 billion.
Current military includes Dept. of Defense ($449 billion), the military portion from other departments ($114 billion), and an unbudgetted estimate of supplemental appropriations ($100 billion). Past military represents veterans’ benefits plus 80% of the interest on the debt.
2007 Big Cuts for Social Programs
President Bush formally presented Congress Feb. 6 with a $2.77 trillion budget proposal that would increase military spending and extend tax cuts but reduce spending on social programs such as Medicaid and Medicare.
President Bush's budget continues to put special interests first while making worse the financial pressures confronting American families.
(War cost) Hunger in America; school lunch cuts
Consider the challenges and tradeoffs
* Hunger in the U.S. increased 24% in 1999-2003 affecting 3.9 million households and 9.6 million individuals, according to the U.S. Department of Agriculture. Food insecurity also increased, affecting 13 million households.Read more ...
* More than 51 million people rely on Medicaid for their health care, and over 43 million did not have health insurance for the entire year in 2002 (Families USA, 2004).
* The Low Income Home Energy Assistance budget, at a time of sharply rising fuel prices, can only serve 17% of the 30 million eligible households (Coalition on Human Needs, 11/24/04).
*War Costs, Military Spending, and Tax Cuts Threaten Most Vulnerable
After creating record deficits and debt with his budget-busting tax breaks, the president is asking our seniors, our students, and our families to clean up his fiscal mess with painful cuts in health care and student aid.Read more ...
*White House budget for 2007 includes cuts in social programs
Exxon Mobil Corp., the world's largest publicly traded oil company, said yesterday that second-quarter profit rose 32 percent, to $7.64 billion, as Asia and North America used more crude oil and gasoline.Read more ...
*Profit Soars at Exxon Mobil
Since George Bush became President in 2001,
the top five oil companies in the United States have
recorded profits of $254 billion.
As prices for gas have skyrocketed, you and I have given ExxonMobil $89 billion, Shell $60.7 billion, BP $53 billion, ChevronTexaco $31 billion and ConocoPhillips $20 billion since 2001.Read more ...
*Skyrocketing Gasoline Prices and Record Oil Company Profits
Oil companies bought $55 million worth of influence in elections from 2001-2005, earning them seats at the table when the President was planning his energy policy.Read more ...
*Big Oil vs.You