The Fed has thrown out $200 Billion to help the banks with cash... then they threw out another $200 Billion to help the banks with their withering assets.... That's $400 Billion in a couple weeks.... Let's put that into some perspective... Pretty alarming ... at least to me... " United States federal budget, 2008 From Wikipedia, the free encyclopedia Jump to: navigation, search <!-- start content -->The United States federal budget for fiscal year 2008 was a United States federal budget - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Map_of_USA_with_state_names.svg" class="image" title="U.S. Budget & Debt Topics"><img alt="U.S. Budget & Debt Topics" src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/a5/Map_of_USA_with_state_names.svg/200px-Map_of_USA_with_state_names.svg.png"@@AMEPARAM@@commons/thumb/a/a5/Map_of_USA_with_state_names.svg/200px-Map_of_USA_with_state_names.svg.png by President George W. Bush to fund government operations for October 2007-September 2008. Figures shown in this article do not reflect the actual appropriations by Congress for Fiscal Year 2008. <TABLE class=toc id=toc summary=Contents><TBODY><TR><TD>Contents [hide] <LI class=toclevel-1>1 Total receipts <LI class=toclevel-1>2 Total spending <LI class=toclevel-1>3 Deficit <LI class=toclevel-1>4 References 5 External links </TD></TR></TBODY></TABLE><SCRIPT type=text/javascript>//<![CDATA[ if (window.showTocToggle) { var tocShowText = "show"; var tocHideText = "hide"; showTocToggle(); } //]]></SCRIPT> [edit] Total receipts Estimated receipts for fiscal year 2008 were $2.66 trillion. $1.25 trillion - Income tax in the United States - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-GreatSeal-Obverse.svg" class="image"><img alt="US-GreatSeal-Obverse.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/b/be/US-GreatSeal-Obverse.svg/100px-US-GreatSeal-Obverse.svg.png"@@AMEPARAM@@commons/thumb/b/be/US-GreatSeal-Obverse.svg/100px-US-GreatSeal-Obverse.svg.png $927.2 billion - Social Security (United States) - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Map_of_USA_with_state_names.svg" class="image" title="U.S. Budget & Debt Topics"><img alt="U.S. Budget & Debt Topics" src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/a5/Map_of_USA_with_state_names.svg/200px-Map_of_USA_with_state_names.svg.png"@@AMEPARAM@@commons/thumb/a/a5/Map_of_USA_with_state_names.svg/200px-Map_of_USA_with_state_names.svg.png and other payroll taxes $314.9 billion - Corporate tax - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Ambox_globe_content.svg" class="image"><img alt="Globe icon." src="http://upload.wikimedia.org/wikipedia/commons/thumb/b/bd/Ambox_globe_content.svg/48px-Ambox_globe_content.svg.png"@@AMEPARAM@@commons/thumb/b/bd/Ambox_globe_content.svg/48px-Ambox_globe_content.svg.png $68.1 billion - Excise - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Assorted_international_currencies.jpg" class="image"><img alt="Assorted international currencies.jpg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/8/89/Assorted_international_currencies.jpg/180px-Assorted_international_currencies.jpg"@@AMEPARAM@@commons/thumb/8/89/Assorted_international_currencies.jpg/180px-Assorted_international_currencies.jpg $29.2 billion - Customs - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Customs,_Tolls_or_Duties_-_Corporation_of_Kinsale.jpg" class="image"><img alt="" src="http://upload.wikimedia.org/wikipedia/commons/thumb/6/6f/Customs%2C_Tolls_or_Duties_-_Corporation_of_Kinsale.jpg/220px-Customs%2C_Tolls_or_Duties_-_Corporation_of_Kinsale.jpg"@@AMEPARAM@@commons/thumb/6/6f/Customs%2C_Tolls_or_Duties_-_Corporation_of_Kinsale.jpg/220px-Customs%2C_Tolls_or_Duties_-_Corporation_of_Kinsale.jpg $25.7 billion - Estate and Gift tax - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:EUR_1_(2007_issue).png" class="image"><img alt="" src="http://upload.wikimedia.org/wikipedia/commons/thumb/5/5a/EUR_1_%282007_issue%29.png/28px-EUR_1_%282007_issue%29.png"@@AMEPARAM@@commons/thumb/5/5a/EUR_1_%282007_issue%29.png/28px-EUR_1_%282007_issue%29.png $50.7 billion - Other [edit] Total spending The President's budget for 2008 totals $2.9 trillion. Percentages in parentheses indicate percentage change compared to 2007. This budget request is broken down by the following expenditures: Mandatory spending: $1.788 trillion (+4.2%) $608 billion (+4.5%) - Social Security (United States) - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Map_of_USA_with_state_names.svg" class="image" title="U.S. Budget & Debt Topics"><img alt="U.S. Budget & Debt Topics" src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/a5/Map_of_USA_with_state_names.svg/200px-Map_of_USA_with_state_names.svg.png"@@AMEPARAM@@commons/thumb/a/a5/Map_of_USA_with_state_names.svg/200px-Map_of_USA_with_state_names.svg.png $386 billion (+5.2%) - http://en.wikipedia.org/wiki/Medicare_(United_States) $209 billion (+5.6%) - Medicaid - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Centers_for_Medicare_and_Medicaid_Services_logo.png" class="image"><img alt="" src="http://upload.wikimedia.org/wikipedia/en/a/a1/Centers_for_Medicare_and_Medicaid_Services_logo.png"@@AMEPARAM@@en/a/a1/Centers_for_Medicare_and_Medicaid_Services_logo.png and the State Children's Health Insurance Program - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfHHS-Logo.svg" class="image"><img alt="US-DeptOfHHS-Logo.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/1/15/US-DeptOfHHS-Logo.svg/180px-US-DeptOfHHS-Logo.svg.png"@@AMEPARAM@@commons/thumb/1/15/US-DeptOfHHS-Logo.svg/180px-US-DeptOfHHS-Logo.svg.png (SCHIP) $324 billion (+1.8%) - Unemployment/Welfare/Other mandatory spending $261 billion (+9.2%) - Interest on National Debt Discretionary spending: $1.114 trillion (+3.1%) $481.4 billion (+12.1%) - United States Department of Defense - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:United_States_Department_of_Defense_Seal.svg" class="image"><img alt="United States Department of Defense Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/e/e0/United_States_Department_of_Defense_Seal.svg/140px-United_States_Department_of_Defense_Seal.svg.png"@@AMEPARAM@@commons/thumb/e/e0/United_States_Department_of_Defense_Seal.svg/140px-United_States_Department_of_Defense_Seal.svg.png $145.2 billion (+45.8%) - War on Terror - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US_10th_Mountain_Division_soldiers_in_Afghanistan.jpg" class="image"><img alt="US 10th Mountain Division soldiers in Afghanistan.jpg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/ae/US_10th_Mountain_Division_soldiers_in_Afghanistan.jpg/300px-US_10th_Mountain_Division_soldiers_in_Afghanistan.jpg"@@AMEPARAM@@commons/thumb/a/ae/US_10th_Mountain_Division_soldiers_in_Afghanistan.jpg/300px-US_10th_Mountain_Division_soldiers_in_Afghanistan.jpg $69.3 billion (+0.3%) - United States Department of Health and Human Services - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfHHS-Seal.svg" class="image"><img alt="US-DeptOfHHS-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/e/e6/US-DeptOfHHS-Seal.svg/140px-US-DeptOfHHS-Seal.svg.png"@@AMEPARAM@@commons/thumb/e/e6/US-DeptOfHHS-Seal.svg/140px-US-DeptOfHHS-Seal.svg.png $56.0 billion (+0.0%) - United States Department of Education - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfEducation-Seal.svg" class="image"><img alt="US-DeptOfEducation-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/0/0e/US-DeptOfEducation-Seal.svg/140px-US-DeptOfEducation-Seal.svg.png"@@AMEPARAM@@commons/thumb/0/0e/US-DeptOfEducation-Seal.svg/140px-US-DeptOfEducation-Seal.svg.png $39.4 billion (+18.7%) - United States Department of Veterans Affairs - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfVeteransAffairs-Seal.svg" class="image"><img alt="US-DeptOfVeteransAffairs-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/1/1e/US-DeptOfVeteransAffairs-Seal.svg/120px-US-DeptOfVeteransAffairs-Seal.svg.png"@@AMEPARAM@@commons/thumb/1/1e/US-DeptOfVeteransAffairs-Seal.svg/120px-US-DeptOfVeteransAffairs-Seal.svg.png $35.2 billion (+1.4%) - United States Department of Housing and Urban Development - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfHUD-Seal.svg" class="image"><img alt="US-DeptOfHUD-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/1/1c/US-DeptOfHUD-Seal.svg/140px-US-DeptOfHUD-Seal.svg.png"@@AMEPARAM@@commons/thumb/1/1c/US-DeptOfHUD-Seal.svg/140px-US-DeptOfHUD-Seal.svg.png $35.0 billion (+22.0%) - State and Other International Programs $34.3 billion (+7.2%) - United States Department of Homeland Security - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US_Department_of_Homeland_Security_Seal.svg" class="image"><img alt="US Department of Homeland Security Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/4/4c/US_Department_of_Homeland_Security_Seal.svg/200px-US_Department_of_Homeland_Security_Seal.svg.png"@@AMEPARAM@@commons/thumb/4/4c/US_Department_of_Homeland_Security_Seal.svg/200px-US_Department_of_Homeland_Security_Seal.svg.png $24.3 billion (+6.6%) - United States Department of Energy - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfEnergy-Seal.svg" class="image"><img alt="US-DeptOfEnergy-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/b/bf/US-DeptOfEnergy-Seal.svg/140px-US-DeptOfEnergy-Seal.svg.png"@@AMEPARAM@@commons/thumb/b/bf/US-DeptOfEnergy-Seal.svg/140px-US-DeptOfEnergy-Seal.svg.png $20.2 billion (+4.1%) - United States Department of Justice - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfJustice-Seal.svg" class="image"><img alt="US-DeptOfJustice-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/2/26/US-DeptOfJustice-Seal.svg/140px-US-DeptOfJustice-Seal.svg.png"@@AMEPARAM@@commons/thumb/2/26/US-DeptOfJustice-Seal.svg/140px-US-DeptOfJustice-Seal.svg.png $20.2 billion (+3.1%) - Agriculture ministry - Wikipedia, the free encyclopedia $17.3 billion (+6.8%) - NASA - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:NASA_seal.svg" class="image"><img alt="Nasaseal.svg" src="http://upload.wikimedia.org/wikipedia/en/thumb/a/ae/NASA_seal.svg/135px-NASA_seal.svg.png"@@AMEPARAM@@en/thumb/a/ae/NASA_seal.svg/135px-NASA_seal.svg.png $12.1 billion (+13.1%) - Department of Transportation - Wikipedia, the free encyclopedia $12.1 billion (+6.1%) - United States Department of the Treasury - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfTheTreasury-Seal.svg" class="image"><img alt="US-DeptOfTheTreasury-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/e/e8/US-DeptOfTheTreasury-Seal.svg/140px-US-DeptOfTheTreasury-Seal.svg.png"@@AMEPARAM@@commons/thumb/e/e8/US-DeptOfTheTreasury-Seal.svg/140px-US-DeptOfTheTreasury-Seal.svg.png $10.6 billion (+2.9%) - United States Department of the Interior - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfTheInterior-Seal.svg" class="image"><img alt="US-DeptOfTheInterior-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/e/e7/US-DeptOfTheInterior-Seal.svg/140px-US-DeptOfTheInterior-Seal.svg.png"@@AMEPARAM@@commons/thumb/e/e7/US-DeptOfTheInterior-Seal.svg/140px-US-DeptOfTheInterior-Seal.svg.png $10.6 billion (-9.4%) - United States Department of Labor - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:US-DeptOfLabor-Seal.svg" class="image"><img alt="US-DeptOfLabor-Seal.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/a5/US-DeptOfLabor-Seal.svg/140px-US-DeptOfLabor-Seal.svg.png"@@AMEPARAM@@commons/thumb/a/a5/US-DeptOfLabor-Seal.svg/140px-US-DeptOfLabor-Seal.svg.png $51.8 billion (+9.7%) - Other On-budget Discretionary Spending $39.0 billion - Other Off-budget Discretionary Spending The Iraq war and the Afghanistan war are not part of the defense budget; they are appropriations." http://en.wikipedia.org/wiki/United_States_federal_budget,_2008
I'm not saying I understand derivatives, but he speaks enough sense to make me scared. The quote is from half way down the page... http://www.jsmineset.com/ If you want a basic understanding of the financial terms - this site gives an easy laymans definition/expalnation of the various funds involved. http://www.investopedia.com/categories/buzzwords.asp
