Turboswede
Very Metal
So, here is a little exercise for all of you out there that think we can balance the federal budget through spending cuts and can avoid tax increases. I pulled these figures from Wikipedia for the 2008 Federal Budget:
$608 billion - Social Security
$386 billion - Medicare
$209 billion - Medicaid and the State Children's Health Insurance Program (SCHIP)
$324 billion - Unemployment/Welfare/Other mandatory spending
$261 billion - Interest on National Debt
$481.4 billion- United States Department of Defense
$145.2 billion- Global War on Terror
$69.3 billion - Health and Human Services
$56.0 billion - United States Department of Education
$39.4 billion - United States Department of Veterans Affairs
$35.2 billion - US Department of Housing and Urban Development
$35.0 billion - State and Other International Programs
$34.3 billion - Department of Homeland Security
$24.3 billion - Energy
$20.2 billion - Department of Justice
$20.2 billion - Department of Agriculture
$17.3 billion - National Aeronautics and Space Administration
$12.1 billion - Department of Transportation
$12.1 billion - Department of Treasury
$10.6 billion - United States Department of the Interior
$10.6 billion - United States Department of Labor
For FY 2008 our estimated deficit will be $455 billion and our current national debt is $10.2 Trillion.
Easy question, what do you cut from the above to get $455 billion?
Weird to think this problem didnt exist under Clinton, I thought the Republicans were supposed to be the fiscal conservatives.
$608 billion - Social Security
$386 billion - Medicare
$209 billion - Medicaid and the State Children's Health Insurance Program (SCHIP)
$324 billion - Unemployment/Welfare/Other mandatory spending
$261 billion - Interest on National Debt
$481.4 billion- United States Department of Defense
$145.2 billion- Global War on Terror
$69.3 billion - Health and Human Services
$56.0 billion - United States Department of Education
$39.4 billion - United States Department of Veterans Affairs
$35.2 billion - US Department of Housing and Urban Development
$35.0 billion - State and Other International Programs
$34.3 billion - Department of Homeland Security
$24.3 billion - Energy
$20.2 billion - Department of Justice
$20.2 billion - Department of Agriculture
$17.3 billion - National Aeronautics and Space Administration
$12.1 billion - Department of Transportation
$12.1 billion - Department of Treasury
$10.6 billion - United States Department of the Interior
$10.6 billion - United States Department of Labor
For FY 2008 our estimated deficit will be $455 billion and our current national debt is $10.2 Trillion.
Easy question, what do you cut from the above to get $455 billion?
Weird to think this problem didnt exist under Clinton, I thought the Republicans were supposed to be the fiscal conservatives.