Results tagged “budget” from kwc blog

Federal Budget Explorer 2007

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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

Budget stat visualizations

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John Maeda has posted his "Money Counter" which visualizes compares different Federal budget expenditures. With my own caveat that statistics can lie or be overly selective, feel free to check it out. The data is based on Parade magazine's "Where does your tax money go?" article. The javascript did weird things to my Firefox (don't follow these links until you've bookmarked all your tabs), including rendering the pull-down menu for selecting different comparisons inoperable, so I'll link to the comparisons available individually:

Balance the National Budget

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Here's a little toy for Paul: A National Budget Simulation that challenges you to try and balance the federal budget.

TurboTaxDrain, California State Edition

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Paul updated his budget tools so that you can explore California's budget now as well. It quickly puts into perspective how hard it is to balance the budget: 3/4 of the budget is split evenly between education and health & human services. If you cut education, you're damned for ruining the future of our children; if you cut health & human services, old people will beat you with their dentures.

As with Paul's federal budget explorer, you can input your own approximate taxes to see what leeches are sucking on them.