IRS’s actual expenditures were just over $16.1 billion for overall operations in Fiscal Year (FY) 2023. [2]
[1] https://www.irs.gov/statistics/soi-tax-stats-irs-data-book
IRS’s actual expenditures were just over $16.1 billion for overall operations in Fiscal Year (FY) 2023. [2]
[1] https://www.irs.gov/statistics/soi-tax-stats-irs-data-book
- The US Defense Budget alone is $842 billion for 2024 [1] - The US has given over $90 billion to Israel and Ukraine in 2024 [2]
All funded by debt. $1 billion here is theater to make us feel good about "sticking it to the rich"
We talk about getting the rich to "pay their fair share" as if the whole tax system isn't designed to get that money into the hands of whoever is greasing our politicians' palms. Good ol' military industrial complex.x
[1] https://www.defense.gov/News/Releases/Release/Article/332687... [2] https://www.cfr.org/article/us-aid-israel-four-charts
Why does debt matter?
You could debate which part of the $6.4T was funded by debt, but it seems reasonable to say that foreign aid is not a mandatory expenditure. That also doesn't mean it's not worth borrowing for.
There is a helluva lot of fat to cut in the budget. Ukraine aid should not be the first port of call.