Saturday, June 16, 2007

DEATH & TAXES: A GUIDE TO HOW Your FEDERAL DOLLARS ARE SPENT

The 2008 federal discretionary budget request for the United States is $1.075 trillion. At the link below, you can find a graph that depicts the president’s budget request for 2008.. It will be debated, amended, and approved by Congress, ideally by October 1, to begin the next year. The discretionary budget includes spending that must be approved by Congress every year. It is paid for largely with your federal income taxes and includes all departments within the federal government. Unlike Social Security, Medicare, and Medicaid, which are paid for by separate taxes, the discretionary budget is a uniquely revealing look at our national priorities. It fluctuates yearly according to the wishes of the president, the power of the Congress, and the will of the people. Overall, military/national security funding represents $717 billion or 67 percent of the President’s discretionary budget. Non-military/security spending is $358 billion or 33 percent. Click the link below to examine specific agency budgets, including the Department of Education.

Note: The Safe and Drug Free Schools Office budget which funds both Partnership for Character Education Grants and Physical Education for Progress Grants (PEP) is experiencing a projected cut of funding by 38%.

For a unique look at the PROPOSED Federal budget .
http://www.thebudgetgraph.com/poster/