Quote:
Originally Posted by GatorB
The 8% comes from the IRS website. Whether that's accurate or not I can be 100% sure but I'll take the govrnments numbers over anyone else's at this point.
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You are correct, I just looked it up too. I think the 16% came from a site that really broke down the numbers deep. I guess part of our military budget goes toward paying interest on debts from previous decades.
Anyways, 8% is still a lot of money. I just calculated 8% of what I paid in and realize that was basically thrown away because our politicians can't balance a checkbook. Just imagine what happens to that 8% if we lose our high credit rating (which could be a possibility if we keep bailing out Wall Street).
One of the areas they could immediately cut back on is in Medicare. That last bill they signed a few years back is so riddled with lobbyist bullshit it's sick. We can't even negotiate prices on prescription drugs which is absolutely insane. The VA does it and saves a fortune. I bet they could knock off billions by re-doing that and cutting out all the shit.