Originally Posted by
steelsnis
For fiscal year 2014, the U.S. government plans to spend $3.778 trillion. More than 60%, or $2.3 trillion, goes toward mandatory spending like Social Security, Medicare and Military Retirement programs. These expenditures are estimates of how much it will cost to fulfill programs established by Congress.
The rest, called Discretionary spending, is negotiated between the President and Congress each year. The President's budget proposes that $1.242 trillion be appropriated to run the rest of the Federal government. About half, ($618 billion) is military spending. (Source: Office of Management and Budget)
Govt wast is not minimal, but dizz is right, our military budget is insanely high. More than half a TRILLION dollars! That's not including the Military Retirement programs mentioned above. The bulk of the budget goes to the Military, Social Security and Medicare.
Bookmarks