Monday, February 22, 2016

2014 American Budget

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