Thursday, April 8, 2010

What do your taxes pay for?

Paul Krugman puts it as succinctly as I've seen:

The basic picture of the federal government you should have in mind is that it’s essentially a huge insurance company with an army; Social Security, Medicare, Medicaid — all of which spend the great bulk of their funds on making payments, not on administration — plus defense are the big items.

No comments:

Post a Comment