A new era of responsibility - The 2010 Budget

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Michael Höhne
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A new era of responsibility - The 2010 Budget

This is from http://www.whitehouse.gov/omb/

A new era of
RESPONSIBILITY
The 2010 Budget

"A budget is more than simply numbers on a page. It is a measure of how well we are living up to our obligations to ourselves and one another."
                                              – President Barack Obama

Besides a projected deficit of more than a trillion (which won't be enough by far), the 2010 budget contains more than 600 billion for the Department of "Defense" (sorry for the quotes). With a Euro currently around 1.46, this equals more than 400 billion Euros.

The entire budget of Germany for 2010 is 327.7 billion, including 86.1 billion of new debt. Projected income from taxes and other sources is 243.9 billion. So the 2010 budget for the US Department of "Defense" almost doubles the entire income of a state with more than 80,000,000 citizens.

How crazy is all of this and will it ever end?

 

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