The United States Federal Budget

Discussion in 'Politics' started by Mac1958, Dec 21, 2012.

  1. Mac1958
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    Mac1958 Platinum Member

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    2013:

    [​IMG]

    2017:

    [​IMG]


    So what sticks out to you? For me,

    • Interest on the debt nearly doubles, from 7% to 12%, and that's assuming that interest rates stay under control. How many of us would like to bet the house on that one?
    • Defense spending is reduced significantly, from 24% to 18%. If done right, I'd bet that won't decay the effectiveness of the military.
    • Health care, from 24% to 28%. Holy crap. The politicians are too busy fundraising and posing for the teevee camera to work on our biggest health care problem, costs.

    Thoughts?

    .
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Treasury borrowed to push debt to the limit...
    :mad:
    Treasury Says It Balanced Budget in December—But Borrowed $96B on Dec. 31 to Hit Debt Limit During Fiscal Cliff Negotiations
    January 11, 2013 - In its monthly statement for December, released Friday, the U.S. Treasury says the federal government balanced its budget during the month, bringing in roughly $270 billion in revenues while making roughly $270 billion in expenditures.
     
  3. jwoodie
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    jwoodie Gold Member Supporting Member

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    What Budget? Despite its Constitutional mandate, the Senate hasn't passed a budget bill in four years. The SCOTUS should hold that the Senate cannot pass any new laws until it complies with its Constitutional responsibilities
     
  4. GoneBezerk
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    GoneBezerk BANNED

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    Uh.....defense spending is directed and authorized in the US Constitution.....there is nothing in there about Healthcare spending. So when healthcare spending grows larger than defense spending by stealing money from defense spending....this is pure fraud, waste and abuse along with stupidity.
     
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  5. drifter
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    drifter Platinum Member

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    Where did you get the charts from I am looking everywhere for it.

    The Budget | The White House
     
  6. Doubletap
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    Doubletap VIP Member

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    “When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal, not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you. . . you may know that your society is doomed.”
    -Ayn Rand, author, "Atlas Shrugged"
     
  7. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    Regarding healthcare spending, the US should do what the rest of the world's governments do, they negotiate the pricing of healthcare with the providers/manufacturers..
    Look what other countries pay compared to the US and the US does not have the best healthcare in the world. As that is the case, why in the hell doesn't this country do something about it? The US isn't gettings it's bang for it dollar unlike the rest of the world.
     

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    Last edited: Jan 12, 2013
  8. Toro
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    Toro Diamond Member

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    The United States has done little to solve it's fiscal problems.
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    We need more government programs because they grow the economy. Government spending and unemployment stimulate the economy.

    Remember, the economy?
     
  10. AmyNation
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    AmyNation Road Warrior Supporting Member

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    24% on pensions? We're spending less on education, but more in pensions?
     

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