This is how your 2013 tax dollars were spent.
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  This is how your 2013 tax dollars were spent.
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Author Topic: This is how your 2013 tax dollars were spent.  (Read 632 times)
tonyreyes89
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« on: April 22, 2014, 01:59:32 PM »

http://finallyrelevant.com/2014/04/22/how-your-hard-earned-money-is-spent/

Interesting photo, but this comes to no surprise. Defense and debt is what this country is built on.
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MurrayBannerman
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« Reply #1 on: April 22, 2014, 03:17:18 PM »

http://finallyrelevant.com/2014/04/22/how-your-hard-earned-money-is-spent/

Interesting photo, but this comes to no surprise. Defense and debt is what this country is built on.
I like how you conveniently gloss over the 2nd largest expenditure, health care.
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AggregateDemand
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« Reply #2 on: April 22, 2014, 04:04:19 PM »

Looks like they've excluded Social Security and Medicare?

When discussing matters of budgetary economics, it is not preferable to follow the hypothetical mandates of the federal government. Social Security and Medicare should be included.
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Simfan34
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« Reply #3 on: April 22, 2014, 04:08:49 PM »

What is exactly is meant by government expenditure on "government"?
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AggregateDemand
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« Reply #4 on: April 22, 2014, 04:18:11 PM »

What is exactly is meant by government expenditure on "government"?

Administrative agencies. SEC, FTC, NLRB, FCC, EPA, etc
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MurrayBannerman
murraybannerman
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« Reply #5 on: April 22, 2014, 08:50:53 PM »

Looks like they've excluded Social Security and Medicare?

When discussing matters of budgetary economics, it is not preferable to follow the hypothetical mandates of the federal government. Social Security and Medicare should be included.
It's at the bottom of the picture.
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AggregateDemand
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« Reply #6 on: April 22, 2014, 08:54:52 PM »


Social Security is not included anywhere, and you can tell Medicare has been excluded because healthcare spending is about 40% higher than military spending.
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Indy Texas
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« Reply #7 on: April 23, 2014, 07:57:17 PM »

Looks like they've excluded Social Security and Medicare?

When discussing matters of budgetary economics, it is not preferable to follow the hypothetical mandates of the federal government. Social Security and Medicare should be included.

Income tax revenue doesn't pay for SSI or Medicare.
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AggregateDemand
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« Reply #8 on: April 23, 2014, 10:01:20 PM »

Income tax revenue doesn't pay for SSI or Medicare.

Income tax is not supposed to pay for Medicare, but it does, particularly all of the senior citizen bills that are dumped onto Medicaid.

Anyway, you found the relevant information. This dollar only represents federal income tax spending.
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Indy Texas
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« Reply #9 on: April 23, 2014, 11:07:36 PM »

Income tax revenue doesn't pay for SSI or Medicare.

Income tax is not supposed to pay for Medicare, but it does, particularly all of the senior citizen bills that are dumped onto Medicaid.

Anyway, you found the relevant information. This dollar only represents federal income tax spending.

Medicaid is for poor people who cannot pay for health insurance. It's only reasonable that that includes poor senior citizens who cannot pay premiums for Medicare Part B. Unless you think someone who has the misfortune of being both old and poor should just be SOL.
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AggregateDemand
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« Reply #10 on: April 24, 2014, 03:24:49 AM »

Medicaid is for poor people who cannot pay for health insurance. It's only reasonable that that includes poor senior citizens who cannot pay premiums for Medicare Part B. Unless you think someone who has the misfortune of being both old and poor should just be SOL.

Seniors need two universal healthcare systems? This country has jumped the shark.

Medicare Part B isn't the problem. Long term care is the problem. People in the lower middle class have to be bankrupted by unexpected medical bills so grandma/grandpa can live long enough to let the LTC providers bilk the taxpayer.
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Indy Texas
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« Reply #11 on: April 24, 2014, 08:22:52 AM »

Medicaid is for poor people who cannot pay for health insurance. It's only reasonable that that includes poor senior citizens who cannot pay premiums for Medicare Part B. Unless you think someone who has the misfortune of being both old and poor should just be SOL.

Seniors need two universal healthcare systems? This country has jumped the shark.

Medicare Part B isn't the problem. Long term care is the problem. People in the lower middle class have to be bankrupted by unexpected medical bills so grandma/grandpa can live long enough to let the LTC providers bilk the taxpayer.

First of all, neither of those programs are universal healthcare systems. One is specifically for elderly people. The other is specifically for the poor.

Unfortunately, there are some senior citizens who are so poor that they are dual-eligible. However, senior citizens as a whole are much less likely to be poor today than they were in the days before Medicare and Medicaid.

I'm not sure what the solution for long-term care costs is. It's the flip side to people now living long enough and medical treatments advancing enough for people to even get to the point of needing long-term care. It's worth pointing out that hospices, which were once strictly not-for-profit entities, have become a cash cow of sorts for for-profit operators.
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