Tax Cuts Lead to Great Tax Revenue

[Xiahou]

Here are the sources:

http://72.14.207.104/search?q=cache:...a&ct=clnk&cd=7

What are your figures?

BTW, to put it in perspective, the US accounts for approximately half of all the military spending in the world:

http://72.14.207.104/search?q=cache:...a&ct=clnk&cd=5

Also, US military spending now accounts for more than half of all discretionary spending in the US budget(they were just discussing this on CNN, how discretionary defense spending has now hit a new high).

First of all, I have some problems with your sources- not the least of which being, they're talking about the 2006 budget, not the 2007.

My figures can be arrived at very simply...

The budget submitted is for 2.77 trillion dollards, of which 439.3 billions is for the DoD. Simple math 493.3/2770=0.1780 Or, rounded up, 18%. link

So, I'd rather go with the numbers from the Washington Post than massaged numbers from a previous year dredged up by some anti-military site.

[Hurin_Rules]

First of all, I have some problems with your sources- not the least of which being, they're talking about the 2006 budget, not the 2007.

My figures can be arrived at very simply...

The budget submitted is for 2.77 trillion dollards, of which 439.3 billions is for the DoD. Simple math 493.3/2770=0.1780 Or, rounded up, 18%. link

So, I'd rather go with the numbers from the Washington Post than massaged numbers from a previous year dredged up by some anti-military site.

But that simple math omits several things. Firstly, it omits much of the spending that will be necessary for the campaigns in Iraq and Afghanistan. This looks like it will be over $100 billion, and perhaps significantly more. It also leaves out $70 billion in veteran's benefits, and the vast outstanding expenses from past wars (represented as a percentage of the national debt).

[Xiahou]

So that makes it over 51%?

[Hurin_Rules]

So that makes it over 51%?

Yes.

48% is one estimate, another I've seen is 53%. Those seem a bit on the high end. But 20% is only the new payments, and does not include the other costs I mentioned (benefits, Iraq, etc.) that the government will be obliged to lay out this year.

So yes, I stand by my statement.

[Xiahou]

Let's do this again- taking your new numbers for granted.
493+100+70=663\2770 = 0.239

So even with that, it's well less than half your original figure.

So yes, I stand by my statement.

Me too.

Not even close.