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Federal Budget Explorer 2007

Paul's Federal Budget Explorer version 2007 is up for those that want to explore how their tax bill is divided up.

Paul's random observations:

  • Games with the defense budget continue. Since the emergency funding for the wars has not yet happened, the budget continues to show a decrease over the current year, as it has for the past 3 years.

  • Medicare still up 9.3% overall, despite the cuts proposed, due to the prescription drug benefit. Medicare almost topped $400b.

  • Interest on the debt almost edged out all health spending at $243b.

  • Social security still the top category at $588b and growing at 5.5%.

For additional scrutiny, WashingtonPost.com's Froomkin has a roundup of articles pointing out the many fallacies in this year's budget.

Previously: Federal Budget Explorer 2005, California Budget Explorer 2004-05

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This page contains a single entry from kwc blog posted on February 7, 2006 2:36 PM.

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