| That’s the Libertarian/Conservative way, and always has been, or at least has since Frank S. Meyers’ “Fusionism” was sold to a gullible public, and began eating away at our society from within. American ultra-militarists like Peter Thiel, Charles Koch, Elon Musk, Miriam Adelson, et al, got these libertarian fanatics elected for the purpose of enabling Israel’s fascists to commit unfettered genocide but these war profiteers should not have to pay taxes on their ill-gotten gains, should they?
Sent from my iPhone On Nov 26, 2024, at 1:54 PM, Mayraj Fahim via Salon <salon@listserve.com> wrote:
Followed by massive tax cut for the wealthy.
On Tuesday, November 26, 2024 at 10:02:10 PM GMT+5, Chas Freeman via Salon <salon@listserve.com> wrote:
- Social Security ($1,354 billion). The Social Security function
includes the two programs administered by the Social Security
Administration: Old Age and Survivors Insurance and Disability
Insurance. This function includes both benefit payments to retired and
disabled workers (and their spouses, survivors, and dependent children)
as well as the cost of administering the programs.
- Health ($889 billion).
The Health function includes most direct healthcare services funded by
the federal government (other than Medicare); health benefits for
federal employees and certain retirees; and the treatment, assessment,
and prevention of health-related issues in the United States. Examples
include Medicaid, the Children’s Health Insurance Program,
and activities carried out by agencies such as the National Institutes
of Health, Centers for Disease Control and Prevention, and Food and Drug
Administration.
- Medicare ($848 billion). The Medicare function
consists entirely of the Medicare program, which provides health
insurance to Americans 65 or over and people with disabilities. Most of the spending goes toward the provision of medical services and prescription drugs.
- National Defense ($820 billion). The National Defense function covers the military activities of the Department of Defense.
In addition, some funding in this function goes toward the
defense-related activities of other departments, such as Department of
Energy nuclear programs and the Federal Bureau of Investigation.
- Income Security ($775 billion).
The Income Security function includes programs that provide cash and
other government assistance to individuals in need, such as those who
are unemployed or earning a low income. Examples include unemployment
compensation, the Supplemental Nutrition Assistance Program,
Supplemental Security Income, Temporary Assistance for Needy Families,
certain federal retirement programs (other than Social Security), and housing assistance. In addition, refundable tax credits (payments that exceed taxes owed) fall into this budget function.
- Net Interest ($658 billion).
The Net Interest function includes interest payments on the federal
debt paid to private holders of U.S. Treasury securities. It is
partially offset by interest income on loans as well as earnings from
the National Railroad Retirement Investment Trust.
- Veterans Benefits and Services ($302 billion).
The Veterans Benefits and Services function includes the spending of
the Department of Veterans Affairs and affiliated programs. Most of the
spending in this function is for veterans’ compensation, pensions, and
health care.
- Transportation ($126 billion).
The Transportation function includes spending on highways, public
transit, the Transportation Security Administration, the Federal
Aviation Administration, the Federal Railroad Administration, and most
programs of the Coast Guard.
- Commerce and Housing Credit ($101 billion).
The Commerce and Housing Credit function includes programs that support
commercial activities, including housing credits, interest payments on
the Postal Service, deposit insurance, and several other miscellaneous
programs.
- Community and Regional Development ($87 billion).
Community and Regional Development supports both facilities and
financial infrastructure. It includes grants and programs to encourage
urban development, grants to develop depressed areas, and disaster
relief and insurance in communities that are recovering from natural
disasters.
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