We’re proud to have received the Above and Beyond Award from the U.S. Military’s Employer Support of the Guard and Reserve program for our support and flexibility with our staffer Cory Ahlersmeyer. We’re grateful for his service to the country and proud to call him a colleague! The award reads: “Presented on behalf of the men and women of the National Guard and Reserve Forces for outstanding service and continuing support to the National Defense.”
Just where do your tax dollars go in Washington? According to Congressional Budget Office figures for fiscal year 2010:
- Health: 24%
- Defense and Social Security: 20% each
- Safety net programs: 14%
- Interest on debt: 6%
- Everything else: 16%
The troubling figure is the smallest percentage listed above. Within 10 years, interest payments will rise to 9% (barring a reveral of course) with $1 trillion being doled out and none of it going to debt principal. Based on current tax rates, nearly half of all income tax revenue would be needed just to pay the interest on the national debt.
That’s an Unhappy New Year thought. Washington lawmakers and bureaucrats are you listening: Act now to give all a fighting chance in the future.