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View Full Version : Who decides where funds are allocated?



SpurNation
08-29-2009, 10:29 AM
I've looked at USAsearch.gov but cannot find listed how taxes are allocated when received. I'll continue to search but...does anybody know who are the people (branch) in charge of allocating funds appropriated from tax collections?

ChumpDumper
08-29-2009, 02:20 PM
This is a serious question?

Keep looking.

SpurNation
08-29-2009, 04:21 PM
This is a serious question?

Keep looking.

I have. Here's what I've found so far.

http://www.gpoaccess.gov/USbudget/fy10/browse.html

http://budget.senate.gov/democratic/the_budget_process.pdf 1998

http://www.treasurydirect.gov/NP/BPDLogin?application=np

There is a lot more, and I haven't delved into much of the links I posted but...to those that have a better understanding than myself of how this all works...there appears to be some interesting figures.

Also this:
http://www.nytimes.com/2009/02/27/business/economy/27policy.html?_r=1

I find this particularly interesting since it was basically Barney Frank and his coharts that helped caused this:




Lenders made loans without
concern for whether borrowers could repay them.
Inadequately informed of the risks and overwhelmed
by fine print, many borrowers took on
debt they could not really afford. And those in
authority turned a blind eye to this risk-taking;
they forgot that markets work best when there
is transparency and accountability and when the
rules of the road are both fair and vigorously enforced.
For years, a lack of transparency created
a situation in which serious economic dangers
were visible to all too few.
This irresponsibility precipitated the interlocking
housing and financial crises that triggered
this recession. But the roots of the problems we
face run deeper. Government has failed to fully
confront the deep, systemic problems that year
after year have only become a larger and larger
drag on our economy. From the rising costs of
health care to the state of our schools, from the
need to revolutionize how we power our economy
to our crumbling infrastructure, policymakers in
Washington have chosen temporary fixes over
lasting solutions.
The time has come to usher in a new era—
a new era of responsibility in which we act not
only to save and create new jobs, but also to lay
a new foundation of growth upon which we can
renew the promise of America

.