| Federal Expense List | ||||||||||
| Income based on % of GDP | 8.50% | of GDP= | $13,743,020.00 | |||||||
| Federal Income= | $1,168,156.70 | |||||||||
| Estimated annual cost to person making $50,000 per year= | $4,250.00 | |||||||||
| Required Expenses | Amount | % Of Total | Notes | |||||||
| Military Expenses | $381,807.250 | 32.68% | See "Federal Military Costs" worksheet | |||||||
| Other Expenses | $34,005.000 | 2.91% | See "Other Federal Costs" worksheet | |||||||
| Office of Inspector General | $216.000 | 0.02% | FY 2008 Estimated Budget | |||||||
| NASA Budget | $17,300.000 | 1.48% | Based on FY 2008 Budget | |||||||
| CDC Budget | $5,716.000 | 0.49% | Based on FY 2008 Budget | |||||||
| Legislative Branch | $4,500.000 | 0.39% | ||||||||
| 0.00% | ||||||||||
| 0.00% | ||||||||||
| 0.00% | ||||||||||
| 0.00% | ||||||||||
| 0.00% | ||||||||||
| Sub Total: | $443,544.250 | 37.97% | ||||||||
| Non-Required Expenses | Amount | % of Total | Notes | |||||||
| Disaster\Civic Aid1 | $100,000.000 | 8.56% | Trust Fund | |||||||
| Infrastructure Aid (DOT) | $50,000.000 | 4.28% | ||||||||
| HUD | $10,000.000 | 0.86% | ||||||||
| Education Assistance | $10,000.000 | 0.86% | ||||||||
| BLM | $1,800.000 | 0.15% | ||||||||
| Forest Service | $5,227.000 | 0.45% | Based on FY 2010 budget | |||||||
| 0.00% | ||||||||||
| 0.00% | ||||||||||
| 0.00% | ||||||||||
| Sub Total: | $177,027.000 | 15.15% | ||||||||
| Total Expenses: | $620,571.250 | 53.12% | ||||||||
| Surplus | $547,585.450 | |||||||||
| All values in Millions of Dollars | ||||||||||
| Surplus will first be used to pay of the national deficit, then, once this is paid off, the tax percentage will then be reduced to match expenses | ||||||||||
| Current Deficit: | $12,000,000.00 | |||||||||
| APR: | 4.00% | |||||||||
| Annual Interest: | $480,000.00 | |||||||||
| Annual Payment against Principal: | $67,585.45 | |||||||||
| Years to Pay off: | 52.56 | |||||||||
| NPER | -210.26 | |||||||||
| 1 - Stored in a general trust fund for any future or ongoing issues. Similar to what Social Security was supposed to be like. | ||||||||||
| If you think I am cutting the defense budget, read this: | ||||||||||
| President George W. Bush today sent to Congress his defense budget for fiscal 2008. The budget requests $481.4 billion in discretionary authority for the Department of Defense base budget, an 11.3 percent increase over the projected enacted level for fiscal 2007, for real growth of 8.6 percent; and $141.7 billion to continue the fight in the Global War on Terror (GWOT) in fiscal 2008. | ||||||||||
| http://www.defenselink.mil/releases/release.aspx?releaseid=10476 | ||||||||||
| These are some of the things that should be cut from the defense budget: | ||||||||||
| US Court of Appeals for the Armed Forces | 3 million in 2006 | Why are they paying themselves? | ||||||||
| Afghanistan Security Forces Fund | 1,908.1 million in 2006 | |||||||||
| Drug Interdiction and Counter-Drug Activities | 936.8 million for FY 2008 | |||||||||
| Iraqi Security Forces | 3,007 million in FY 2006 | |||||||||
| Supporting the UN | About 3 billion a year? | I can't actually find this amount | ||||||||