Forget Millions. Forget Billions. The Bush Administration has asked Congress for a Trillion dollars for the Military. Click to find out exactly how much a Trillion dollars is.
The Bush administration asked Congress for a $2.9 trillion budget for fiscal year 2008 that includes nearly a trillion dollars for the military. The inflation of the military budget comes with great costs to programs to help low income people put food on their table, keep warm in the winter, and see a doctor when they are sick.
The president’s budget proposal includes $666 billion in current military spending. When the interest on the national debt attributable to military spending and the costs of veteran benefits are added, the total budget for current and past wars is $967 billion.
The president also proposes to make permanent the tax cuts that give an average break of $162,000 a year to people making more than $1 million a year.
Meanwhile under the president's budget about 300,000 families who are supported by a low-wage worker and qualify for food stamps would become ineligible for the program, heating assistance will be available for fewer homes, and support for child health insurance (SCHIP) will be cut.
[Friends Committee on National Legislation]