Friday, April 13, 2012
Starve the Beast of Empire
The personal income tax for 2011 will haul in a hefty $1.09 trillion to the federal coffers. The estimate for 2012* is $1.16 trillion.
On the other side of the ledger, the best estimate of the known “national security” expenditures for 2012 is $1.22 trillion dollars.
That’s right; it takes the entire personal income tax, and then some, to cover the costs of war and Empire.
The total federal revenue from every source will be $2.47 trillion in 2012, so the war machine and its various appurtenances take an enormous bite out of the total federal budget.
Posted by Michele Kearney at 6:52 PM