Thursday, May 31, 2007

Taxes-How does the Government Spend Money?



The government collects taxes every week from working people. This money is spent on various things suchs as education, transportation, program funding, medicare and military exspenses. Below is a dollar bill chart that shows where each dollar goes for funding. Majority of the money goes to medicare ad social security (which is said to be diminished within the next 50 years.) The next highest amount of money goes into national defense which is basically funding for unnecessary wars. On the other hand, New York State spends money on things such as education, economical development and medicaid. There is not much of a difference between the way NYS spends their money and the way the Federal Government spends their money.

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