Can you believe it?

Our government may very well give 700+ billion dollars to stupid banks that don't deserve it. Just so you know, that would be a larger amount of money than any expenditure in the federal budget. To show you what I mean, here is information on the fiscal year 2007 U.S. budget:

Receipts for fiscal year 2007 were $2.4 trillion. FY2007 on-budget receipts were $1.7 trillion. FY2007 off-budget receipts were $608 billion (Off-budget receipts include Social Security and Medicare payroll taxes, as well as the net profit or loss of the U.S. Postal Service).

Money collected:

* $1.1 trillion - Individual income tax
* $869.6 billion - Social Security and other payroll taxes
* $370.2 billion - Corporate income tax
* $65.1 billion - Excise taxes
* $26.0 billion - Customs duties
* $26.0 billion - Estate and gift taxes
* $47.2 billion - Other

Source: preliminary FY2007 year-end estimate from the U.S. Treasury Dept.

Here's more:
The President's actual budget for 2007 totals $2.8 trillion. Percentages in parentheses indicate the change from the 2006 budget:

* $586.1 billion (+7.0%) - Social Security
* $548.8 billion (+9.0%) - Defense[2]
* $394.5 billion (+12.4%) - Medicare
* $294.0 billion (+2.0%) - Unemployment and welfare
* $276.4 billion (+2.9%) - Medicaid and other health related
* $243.7 billion (+13.4%) - Interest on debt
* $89.9 billion (+1.3%) - Education and training
* $76.9 billion (+8.1%) - Transportation
* $72.6 billion (+5.8%) - Veterans' benefits
* $43.5 billion (+9.2%) - Administration of justice
* $33.1 billion (+5.7%) - Natural resources and environment
* $32.5 billion (+15.4%) - Foreign affairs
* $27.0 billion (+3.7%) - Agriculture
* $26.8 billion (+28.7%) - Community and regional development
* $25.0 billion (+4.0%) - Science and technology
* $23.5 billion (+0.8%) - Energy
* $20.1 billion (+11.4%) - General government

Much of the costs of the wars in Iraq and Afghanistan until FY2008 have been funded through supplemental appropriations or emergency supplemental appropriations, which are treated differently than regular appropriations bills. So, determining the costs of the wars in Iraq and Afghanistan is complex. CBO has estimated that "war-related defense activities" in 2007 were "roughly $115 billion." (CBO, The Budget and Economic Outlook: An Update, August 2007, Box 1-1, available at )

So, we are about to give 700 billion dollars to banks while we spent 586 billion on Social Security, 549 billion on defense spending, an additional 115 billion on the wars in Iraq and Afghanistan, 395 billion on medicare, 294 billion on unemployment. So, you get my point. Do we, the American people, really want to give more money to greedy banks who made bad loans to people who shouldn't have had loans to start with, more money than we have spent on any single budget line? Really?! I don't think so. How about this, we take the 700 billion and distribute it equally amongst the 300 million citizens of this country. For my family of four, that'd come out to about 9300 dollars. I could do a lot more in regards to putting money into the economy with that than these stupid banks will with what they're gonna get.