Comments on: Uncle Sam’s Budget – 2007 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: lorax http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-271400 lorax Sat, 05 Apr 2008 14:44:59 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-271400 @TheMightyQuinn - you might want to read http://www.ssa.gov/history/court.html. This matter has been decided. @TheMightyQuinn – you might want to read
http://www.ssa.gov/history/court.html. This matter has been decided.

]]> By: TheMightyQuinn http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-270992 TheMightyQuinn Sat, 05 Apr 2008 04:30:52 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-270992 Imagine if congress only spent what the constitution permitted! That would eliminate three of the top four expense groups! Imagine if congress only spent what the constitution permitted! That would eliminate three of the top four expense groups!

]]> By: Joe http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-270437 Joe Fri, 04 Apr 2008 14:46:44 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-270437 I'd like to know how much of the budget is mandated vs. discretionary. Iraq is a lightening rod that attracts a lot of anger over government spending, but I'd bet it's far smaller than what the government is mandated to spend on domestic programs... I’d like to know how much of the budget is mandated vs. discretionary. Iraq is a lightening rod that attracts a lot of anger over government spending, but I’d bet it’s far smaller than what the government is mandated to spend on domestic programs…

]]> By: Meg http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-269940 Meg Fri, 04 Apr 2008 02:51:07 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-269940 According to the article, this is what was actually SPENT ($4.1 trillion) in 2007, though it doesn't specify how that differs from what was taken in. I don't know about "black" projects or how (or if) things can be "off budget," but this is a tally of what was spent, in hindsight, in fiscal year 2007 (which I believe actually runs from Oct 06 to Oct 07...). According to the article, this is what was actually SPENT ($4.1 trillion) in 2007, though it doesn’t specify how that differs from what was taken in.

I don’t know about “black” projects or how (or if) things can be “off budget,” but this is a tally of what was spent, in hindsight, in fiscal year 2007 (which I believe actually runs from Oct 06 to Oct 07…).

]]> By: Emily http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-269572 Emily Thu, 03 Apr 2008 19:33:43 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-269572 ITS a budget, not reality. Haven't we all had a hard time "sticking to a budget". I also wonder how much debt we are paying down? The deficite grows every year. 11% this year could be 50% 30 years from now. ITS a budget, not reality. Haven’t we all had a hard time “sticking to a budget”. I also wonder how much debt we are paying down? The deficite grows every year. 11% this year could be 50% 30 years from now.

]]> By: TIL http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-269497 TIL Thu, 03 Apr 2008 18:38:14 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-269497 Dave hit the nail on the head, nearly all the Iraq and Afghanistan spending has been off the books and would not be included, which is ridiculous and a major flaw. I wonder if the military/intelligence "black" projects were included under "Security & Defense" of if they are just not included. Dave hit the nail on the head, nearly all the Iraq and Afghanistan spending has been off the books and would not be included, which is ridiculous and a major flaw.

I wonder if the military/intelligence “black” projects were included under “Security & Defense” of if they are just not included.

]]> By: PBJ http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-269474 PBJ Thu, 03 Apr 2008 18:21:40 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-269474 There might have been $4.1 trillion spent but there sure as hell wasn't $4.1 trillion collected ... There might have been $4.1 trillion spent but there sure as hell wasn’t $4.1 trillion collected …

]]> By: Meg http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-269450 Meg Thu, 03 Apr 2008 18:03:48 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-269450 Ciwood - under "General Public Service" the largest line item is paying interest on money borrowed (9% of the total budget). Ciwood – under “General Public Service” the largest line item is paying interest on money borrowed (9% of the total budget).

]]> By: Andy http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-269379 Andy Thu, 03 Apr 2008 17:04:35 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-269379 Yes, the money spent on the war in Iraq/Afghanistan isn't included in the defense spending. I believe it's around 5% extra on top of the budget (or it was when I last checked). Yes, the money spent on the war in Iraq/Afghanistan isn’t included in the defense spending. I believe it’s around 5% extra on top of the budget (or it was when I last checked).

]]> By: ciwood http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/comment-page-1/#comment-269377 ciwood Thu, 03 Apr 2008 17:02:15 +0000 http://allfinancialmatters.com/2008/04/03/uncle-sams-budget-2007/#comment-269377 Where is the payment for interest on the national debt????? Where is the payment for interest on the national debt?????

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