Mildly Interesting

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in Australia, when we pay taxes, we get a receipt. The receipt shows what our taxes were spent on (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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I assume "Other purposes" is govt kickbacks to mining and gas companies 😬

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[–] [email protected] 7 points 1 year ago (1 children)

My favorite thing about budget breakdowns in the US is how often pundits list defense spending as a percentage of GNP (gross national product) rather than as a percentage of the annual budget. Nothing else in the budget ever gets this kind of favorable treatment (which makes it appear smaller than it actually is) except sometimes debt service.

[–] [email protected] 0 points 1 year ago

I don’t think that’s favorable treatment. Defense is 3%. Social Security is 5%. Medicaid and Medicare is also 5%.

We can afford our defense budget and make the country better for the common person by utilizing our funds more efficiently and/or moving to universal healthcare.