Edit: to the person who posed budget percentages: Try looking up more recent figures. Social security only draws single digits now, and military drew 53% in 2003, and only about 45% since. That does not include the emergency congressional allocations, meaning that it's a lot higher.…
h. What are some of the historical events that shaped the formation of the U.S. federal government? Select one event you think had a major effect on the federal government. How does this event affect U.S. citizens today?…
The tax dollars not only help the economy, financially disable, and government programs; they also help the world as a whole. People don't understand how much tax dollars makes a different in the world. Tax dollars also distributes to wars, nasa, and colleges. This may seem over dramatic but athletes are the highest tax payers since their salaries are so big. If wars were not able to be funded anymore what will that lead to? First we wouldn't be able to defend ourselves against other countries. Without money for weapons we would only be able to bring fist to a gun fight, and that doesn't end well. College is also another tax dollar assistant because many student receive federal…
Our gross annual income is $131,551.00 and our gross monthly income is $10,962.58. My dad makes about $90,000.00. Our mom makes $41,551.00 The money is going to the government to pay for goods and services. Yes, the government is justified to give us taxes because if they didn't there would be serious issues. Take for example Dump trucks would not come to take the trash and America being how it is today trash would just build up on the streets. Then only rich people could rent out dump truck services for themselves.…
The US Money Reserve was established in 2001 and over the years it has developed into a world class distributor of United States and foreign government supplier of silver , platinum,gold and legal tender commodities.It's one of the largest suppliers of U.S. Government-Issued precious metals and offers coins generated by the U.S. Mint and it is wholly supported by the U.S government.Thousands of customers across the United States rely on US Money Reserve to diversify their assets with physical precious metals, primarily in the form of U.S. gold and silver coins.…
After creating a Bill of Rights, the new United States congress turned its focus to the issue of financing the new government. Alexander Hamilton was hired to be the Treasury Secretary by president George Washington. Hamilton made it his duty to develop an economic structure for the United States that would ensure public confidence in the government’s financial affairs.…
The three largest expenditures of the federal government are for entitlements, national defense, and the national debt.…
The Federal Budget is used for many different necessities in America. It`s used for medicare, social security and more. One portion of our federal budget goes towards our military. Americans should spend less tax money on foreign armies, and more towards defense against terrorism.…
If money is taken out of each pay check for taxes, then how is the United States national debt so high? From day to day, hour to hour, the United States national debt increases. Though the government tries to stop the growth of the national debt, nothing seems to work. Weather its borrowing money from other countries or spending money the U.S doesn’t have; it causes a jump in the debt. So how has the national debt grown and how has it impacted the United States of America?…
Each year the government spends countless amounts of money on things that could ultimately be put toward the debt we owe. The estimated amount of debt as of now is about $17,237,634,587,000. Some ways that you could reduce government spending is mandate a policy that would take $10 yearly for every person in a house hold. Another would be to cut out all the useless spending. You could eliminate all pensions and benefits for Senators, Congress people, and Presidents after they leave office. Make all government benefit programs time-capped. Cut pay and benefits for military & Pentagon personnel that never serve outside the country or near a combat zone.…
of 2014 they have recorded over 2 trillion dollars that has costed taxpayers. Each recipient a year…
Kahn, H. (April 14, 2011). States Addicted to Federal Spending? Rhetoric Against Spending Far From Reality. ABC News. Gathered April 14, 2011 from http://abcnews.go.com/Politics/federal-spending-states-addiction/story?id=13360706…
For the last three class periods in our Public Administration class, we have discussed in depth the importance of how politics and political factions play a key role in the creation of public policy. Unfortunately, in America, our public administrators are no longer strong enough to have texture or defeat our vastly expanding federal government. The U.S federal government has grown out of control where changes in public policy are more difficult to make than ever before. Furthermore, the government now owns financial institutions, a larger percentage of automakers and airline corporations in addition to; soon to be, healthcare. Ownership of all these entities only inspires the federal government to grow even larger and more complex. Is this growth due to socialism in our public administration and public policy? In this short analysis, I will provide one example of our government expanding out of control, abusing its power, and growing more complex.…
These powers include construction highways, court systems, applying laws, as well as the creating and gathering taxes. Both the federal and states government employ workers to build roads and highways, healthcare and public safety to provide, all of which require money. Those funding comes from federal, state, and local taxes. These taxes are called sales tax, income tax, estate taxes, gasoline tax, property tax etc. When breaking down the need for taxes on both the federal and state level, it shows quite clearly the different needs of taxes on both levels of government, and why this is shared…
Opening up an envelope on the first of the month to reveal ones monthly pay is a surprise in itself. After arriving down at the bottom of the pay stub it seems that half of the paycheck goes to the government. Where does the money go? Where do income tax dollars go? On that pay stub there are three places ones tax dollars go to and they are social security, healthcare, and defense spending.…