Brain357
Platinum Member
- Mar 30, 2013
- 37,068
- 4,189
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He didn’t have it balanced on day 1 you idiot.No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!Clinton balanced the budget.And they spend how much on the military? We spend how much?I'm scared of the Chinese. You should be too.You ignored my question. Who are you scared of and how much do they spend compared to us?Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.
Mandatory Spending
Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.
The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.
Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4
Discretionary Spending
The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.
There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.
U.S. Federal Budget Breakdown
The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.www.thebalance.com
Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?
Clinton needed it to kill Christians in order to protect Muslims, didn't he?
These uneducated low information Moon Bats don't know that the cummulative national debt was higher when Slick Willy left office than it was when he took office.
Rachael Maddow didn't tell them.