All the taxes combined collected from all 50 states.
http://vodpod.com/watch/2761135-pentagon-war-cost-exceeds-us-annual-tax-intake
God save the Empire™!
All the presidents faces on our money should be replaced with http://en.wikipedia.org/wiki/List_of_war_deities
I bet at 800 billion a year we could have had a death star by now. We're hardly a proper evil empire, are we? We just waste money.
For the 2010 fiscal year, the president's base budget of the Department of Defense rose to $533.8 billion. Adding spending on "overseas contingency operations" brings the sum to $663.8 billion.[1][2]
When the budget was signed into law on October 28, 2009, the final size of the Department of Defense's budget was $680 billion, $16 billion more than President Obama had requested.[3][4] An additional $33 billion supplemental bill to support the wars in Iraq and Afghanistan was expected to pass in the spring of 2010, but has been delayed by the House of Representatives after passing the Senate.[5][6] Defense-related expenditures outside of the Department of Defense constitute between $216 billion and $361 billion in additional spending, bringing the total for defense spending to between $880 billion and $1.03 trillion in fiscal year 2010.[7]
http://en.wikipedia.org/wiki/Military_budget_of_the_United_States
Where is all that fucking money coming from? Taxes don't cover it! I am so confused.
China.
The deficit. China owns our soul.
http://www.usgovernmentspending.com/us_deficit
We are 1.5 trillion in debt.
Thanks for the clarification. I think I'll be spending more time learning chinese now.
By the end of 2008, the U.S. had spent approximately $900 billion in direct costs on the Iraq and Afghanistan Wars. Indirect costs such as interest on the additional debt and incremental costs of caring for the more than 33,000 wounded borne by the Veterans Administration are additional. Some experts estimate these indirect costs will eventually exceed the direct costs.[9]
US owes China $1.7 Trillion.
http://video.msn.com/video.aspx?mkt=en-us&brand=msnbc&search=owes
This video claims we have China under our thumb due to this. I can't exactly follow his logic.
WE'VE GOT THEM RIGHT WHERE WE WANT THEM!! :lulz:
Also, you, your children, your grandchildren and your great grandchildren.
Basically, the costs of the current US wars are not included in the US budget, therefore their costs are being deferred until a later date.
As for how being in debt to China is in US interests....well, so long as China wants to collect on their money, they have a vested interest in the US economy and keeping the US happy. Interdependence is the key word here. If China goes to war with the USA, you can sure as hell bet the US will default on its debt payments.
Quote from: Cain on July 25, 2010, 05:28:14 PM
Also, you, your children, your grandchildren and your great grandchildren.
Basically, the costs of the current US wars are not included in the US budget, therefore their costs are being deferred until a later date.
As for how being in debt to China is in US interests....well, so long as China wants to collect on their money, they have a vested interest in the US economy and keeping the US happy. Interdependence is the key word here. If China goes to war with the USA, you can sure as hell bet the US will default on its debt payments.
It would seem it also puts us in a position where we can't place sanctions or anything else on them. Aren't we in a position where all we can do is scream and pitch a fit if they do something we don't like. I'm not saying this is a bad thing.
Yeah, that's pretty much it. Unless you're willing to take the loss of 1.5 trillion, no-one can do the other serious harm.
Wait, if we go to war with China, who will we borrow money from to finance that war?
Quote from: Jerry_Frankster on July 25, 2010, 07:31:01 PM
Wait, if we go to war with China, who will we borrow money from to finance that war?
Japan.
Japan isn't retarded - if we default on China, no one will pick up where China left off.
That's the thing - if the US starts faulting on China without China making the first move, Tokyo and Frankfurt will drop the US like a hot potato. It's not 1991 anymore, the US is not a lone and growing superpower, and Japan and Germany are not content to pick up the tab while the US provides the cannon fodder anymore.
Quote from: Cain on July 25, 2010, 08:32:07 PM
That's the thing - if the US starts faulting on China without China making the first move, Tokyo and Frankfurt will drop the US like a hot potato. It's not 1991 anymore, the US is not a lone and growing superpower, and Japan and Germany are not content to pick up the tab while the US provides the cannon fodder anymore.
What do you think Chinas position will be if we end up in a direct confrontation with N. Korea?
They wont give a shit, except for all the North Korean refugees that may try to cross the border. That's the only real reason they prop up the regime, aside from entertainment value. It's not like they view each other as fraternal communist allies or anything :lol:
Maybe I'm missing something, since I can't watch the video, but the total income from all state taxes should be over a trillion dollars a year, the wars aren't even the same order of magnitude.
Or is it saying the total cost (for all nine years) is more than one years income?
Quote from: Cain on July 26, 2010, 12:13:46 AM
They wont give a shit, except for all the North Korean refugees that may try to cross the border. That's the only real reason they prop up the regime, aside from entertainment value. It's not like they view each other as fraternal communist allies or anything :lol:
:lol:
Truthfully I was wondering how they would feel about the US that close to their border. S. Korea seems close enough, but then again they do have the largest standing army in the world.
Quote from: Requia ☣ on July 26, 2010, 12:22:45 AM
Maybe I'm missing something, since I can't watch the video, but the total income from all state taxes should be over a trillion dollars a year, the wars aren't even the same order of magnitude.
Or is it saying the total cost (for all nine years) is more than one years income?
According to the former chief economist of the World Bank, the Iraq war costs $12 billion a month
http://news.yahoo.com/s/ap/20080309/ap_on_re_mi_ea/iraq_war_costs
That comes to $144 billion a year. Over seven years, plus the Afghan war for nine, would put you in that ballpark. So the latter.
Quote from: Cain on July 26, 2010, 12:35:34 AM
Quote from: Requia ☣ on July 26, 2010, 12:22:45 AM
Maybe I'm missing something, since I can't watch the video, but the total income from all state taxes should be over a trillion dollars a year, the wars aren't even the same order of magnitude.
Or is it saying the total cost (for all nine years) is more than one years income?
According to the former chief economist of the World Bank, the Iraq war costs $12 billion a month
http://news.yahoo.com/s/ap/20080309/ap_on_re_mi_ea/iraq_war_costs
That comes to $144 billion a year. Over seven years, plus the Afghan war for nine, would put you in that ballpark. So the latter.
Add in $10 Billion a month for Iraq.