Before you vote for a presidential candidate this November, you might want to consider these two numbers:
1. $38,655,190,993,638 ($38.65 trillion)
2. $38,862,045,270,361 ($38.86 trillion)
The total for these numbers is:
$77,517,236,263,999 ($77.51 trillion) (Note: updated July 08 3pm – changed amounts on Libya & Syria which decreased total amount)
The first number (1) is what the military and the ongoing wars have cost the U.S. From 2001 to now (* except where noted in the data).
The second number (2) is what corporations get from the federal government in the form of tax breaks, subsidies, loans, and bailouts since 2000.
|MILITARY DEFENSE SPENDING & CORPORATE TAX BREAKS|
|1. MILITARY SPENDING|
|COUNTRY WITH U.S. TROOPS ENGAGED IN WAR||SPENDING||TIME FRAME||SOURCE|
|Afghanistan||$2,500,000,000,000||$2.5 trillion||2001-present||Washington Post|
|Cameroon (Boko Haram)||$347,000,000||$347 million||2012||UK Guardian|
|Chad||$16,000,000||$16 million||2010 (est)||PBS|
|Iraq||$2,500,000,000,000||$2.5 trillion||2001-present||Washington Post|
|Israel||$123,340,899,866||$123.34 billion||1946 *||PBS|
|Jordan||$5,000,000,000||$5 billion||2010 (est)||PBS|
|Korea||$40,000,000,000||$40 billion||1946 *||PBS|
|Mali||$32,000,000||$32 million||1946 *||PBS|
|Somalia||$55,000,000,000||$55 billion||2011||War in Context|
|Strait of Hormuz||$8,000,000,000,000||$8 trillion||Since 1976 *||Oil Price|
|Syria (ISIL / ISIS)||$13,700,000,000||$13.7 billion||2016||Mother Jones|
|Turkey||$41,000,000,000||$41 billion||1946 *||PBS|
|Uganda||$71,000,000||$71 million||1946 *||PBS|
|MILITARY RELATED BUDGETS||FUNDING||SOURCE|
|Defense Budget (annual)||$530,000,000,000||$530 billion||Washington Post|
|Black Budget (annual)||$52,600,000,000||$52.6 billion||Washington Post|
|Intelligence budget (annual)||$80,100,000,000||$80.1 billion||LA Times|
|National Intelligence (annual)||$252,700,000,000||$252.7 billion||Washington Post|
|FOREIGN AID BUDGETS||FUNDING||TIME FRAME||SOURCE|
|USAID / Military Aid budget||$550,634,093,772||$550.63 billion||2001-2014||USAID|
|Foreign Aid (annual)||$600,000,000,000||$600 billion||Politico|
|NATO (annual)||$650,000,000,000||$650 billion||Politifact|
|MILITARY ANNUAL BUDGETS x 10 years||$21,654,000,000,000||$21.65 trillion||(Note: annual budgets include Defense budget, Black budget, Intelligence budget, National Intelligence budget, Foreign Aid, NATO)|
|TOTAL MILITARY SPENDING||$38,655,190,993,638||$38.65 trillion|
|2. GOVERNMENT SPENDING ON CORPORATIONS|
|Corporate Tax Breaks (annual)||$180,000,000,000||$180 billion||Huffington Post|
|Corporate Tax Breaks (annual) x 10 years||$1,800,000,000,000||$1.8 trillion|
|Federal Grants & Allocated Tax Cuts||$71,191,562,223||$71.19 billion||Good Jobs First Subsidy Tracker|
|Federal Loans, Loan Guarantees, Bailout Assistance||$18,073,840,039,282||$18.07 trillion||Good Jobs First Subsidy Tracker|
|Top Federal Grant/Allocated Tax Credit Programs||$71,191,562,223||$71.19 billion||Good Jobs First Subsidy Tracker|
|Top Federal Loan/Loan Guarantee/Bailout Programs||$18,665,822,106,633||$18.66 trillion||Good Jobs First Subsidy Tracker|
|TOTAL FEDERAL TAX BREAKS, SUBSIDIES. LOANS, BAILOUTS FOR CORPORATIONS||$38,862,045,270,361||$38.86 trillion|
|TOTAL MILITARY SPENDING + CORPORATE TAX BREAKS, SUBSIDIES, LOANS, BAILOUTS||$77,517,236,263,999||$77.51 trillion|
Consider also that these numbers may actually be lower than what is really being spent since this is not even a complete list of everything.
As a taxpayer, this is where your money is going, whether you want it to or not.
What’s the trade-off?
For all the money spent fighting wars (which was actually started based on a lie) –and– giving money to already unbelievably profitable corporations, here are some of the things either not getting funded or are being underfunded:
- Roads & highways
- Senior well-being (Social Security, Medicare)
- National parks (are now being privatized)
- Post Office services being reduced and partially privatized (= higher costs to you)
- Single Payer Healthcare
- Student college loans (now privatized with sky-high interest rates)
- Medical research (the same kind that created penicillin)
- Technology research (such as the kind that came from NASA)
Republicans and Democrats have eroded the tax base which provided for all those essential things our people and country need.
Companies that make billions in profits now essentially pay no taxes at all because the government provides tax breaks, subsidies, and tax rebates to them. This means higher prices and/or a tax increase to taxpayers or else things like schools get defunded.
|GOVERNMENT SUBSIDIES TO CORPORATIONS & CORPORATIONS THAT PAY NO TAXES|
|GOVERNMENT SUBSIDIES TO CORPORATIONS|
|Company||Subsidy Value||Source: Good Jobs First Subsidy Tracker|
|11||Fiat Chrysler Automobiles||$2,177,967,643|
|18||Royal Dutch Shell||$1,720,942,488|
|26||Advanced Technology Investment Company||$1,242,225,858|
|38||Delta Air Lines||$877,170,847|
|46||EDP-Energias de Portugal||$733,555,383|
|48||Air Products & Chemicals||$715,908,809|
|54||Forest City Enterprises||$666,967,568|
|55||Bank of America||$657,369,234|
|56||American Electric Power||$626,873,143|
|65||Clean Coal Power Operations||$550,000,000|
|66||Scripps Research Institute||$545,000,000|
|82||Community Health Systems||$435,357,409|
|Total||$121,855,726,875 ($121.85 billion)|
|CORPORATIONS THAT PAY NO TAXES||Source: Institute for Policy Studies|
|Bank of America||$17,200,000,000||$0|
|ExxonMobil||$43,000,000,000||$0||Received $6.2 billion tax subsidy|
|FedEx||$5,700,000,000||$0||Received $2.1 billion tax subsidy|
|Merck||$53,400,000,000||$0||Received $2.2 billion tax subsidy|
|Verizon||$19,300,000,000||$0||Received $535 million tax rebate & $7.3 billion tax subsidy|
|Total||$428,000,000,000 ($428 billion)|
Your takeaway from all of this
- Your are paying more for everything (ex: healthcare) and getting less (it’s called privatization)
- Since Clinton, Democrats (like Republicans) want to cut Social Security, Medicare, Medicaid, and the safety net (ex: unemployment benefits)
- The economy has flatlined and the Middle Class is bearing the brunt of this because money that is being spent on the Military and corporations is not being recirculated throughout the economy (it’s taken out of the economy and ends up in the hands of a few wealthy individuals or corporations)
This has been a “bipartisan” effort since both Republicans and Democrats have controlled the White House and Congress since 2001.
- White House: Republicans 8 years & Democrats 8 years
- House: Republicans 12 years & Democrats 4 years
- Senate: Republicans 10 years & Democrats 6 years
Republicans and Democrats are not fit to govern this country.
This is not a liberal or a conservative issue; it is a matter of national priorities and bad decisions willfully made by the president and congress putting the interests of corporations over the wishes of voters.
Typically, people who create these types of problems get fired, otherwise they just continue to make things worse, which is what we have seen. If someone ran a company like this, they’d be put in prison. What the politicians have done is systematically undermine the nation’s people, the Constitution, and the Bill of Rights, and the future of the country.
No bankers were prosecuted for the financial meltdown.
No politicians were prosecuted for starting and continuing wars based on lies.
Think about that on the way to the voting booth in November.
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