Thursday, December 19, 2002

it is fiscal 2003 for the USGovt and it is the first year in the last four that the US has not had a surplus. the Govt is spending far more than it is taxing us for.

what does this mean?? well, for starters it means that last month we the people spent $19.6 BILLION on interest payments. what i want to know is who gets this money and why the hell are we spending $20B a month on interest?

the biggest spending categories for November were:

  • Social Security, $44 billion
  • Medicare and Medicaid, $42.4 billion
  • Military, $31.3 billion
  • Interest on debt, $19.6 billion



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