The 2010 budget depicted below reinforces the fiscal disaster that the US is facing. About 92% of all the estimated revenue in 2010 from taxes and other sources goes towards paying for mandatory services like Medicare, Social Security, Medicaid and Interest on debt. The remaining 8% of the revenue must pay for the cost of the wars and must fund the other departments.
No wonder the
US national debt ballooning every second because the government is borrowing to cover the shortfall. The last I checked, the debt per US Citizen was $43,473. Compare this to the
median household income of $49,777 for year 2009.
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