I'm blown away at how many people keep spreading the myth that over half of the US budget is spent on the military. In reality, the number is at about 17%. The fact is that the majority of the US budget is spent on Social Security and Medicare.
The US budget shouldn't be a mystery, but unfortunately it seems like it is to many people. The following websites help breakdown the US budget:
1) http://federal-budget.insidegov.com/l/117/2014
2) https://www.nationalpriorities.org/analysis/2013/president-obamas-fiscal-year-2014-budget/
I think this misunderstanding happens so often because people confuse discretionary spending with mandatory entitlement programs. Yes, the military does take up a little over half of discretionary spending. However, discretionary spending is only about 1/3 of the total budget.
No comments:
Post a Comment