I don’t know about you, but the US budget is so big as to be damn-near beyond my comprehension. Until I came across this piece from Slate excerpted on The Daily Dish. Here is the premise- President Obama’s budget he sent to Congress for FY12 is $3.73 trillion, while taking in $2.63 trillion in revenue. That’s proportional to a household that earns $60,000 spending $85,000!
How is Uncle Sam spending that $85,000?
$17,400 for Social Security
$10,700 for Medicare
$6,100 for Medicaid
$13,600 for other mandatory programs such as food stamps
So far we’ve spent $47,800 or over 3/4 of our $60,000 income on “mandatory” expenditures. Yikes…
Now we still have to consider what falls under discretionary funding
$20,000 for the Department of Defense
$5,500 for interest on existing debt
$10,400 on everything else, that is, non-mandatory/non-defense, items
Here are a few bits and pieces of that $10,400
$400 on energy
$500 on agriculture
$1,000 on housing and urban development
$1,800 on education
Chris Christie, governor of New Jersey, summed up my thoughts pretty well
“Let me suggest to you that what game is being played down here is irresponsible and it’s dangerous. We need to say these things and we need to say them out loud. When we say we’re cutting spending, when we say everything is on the table, when we say we mean entitlement programs, we should be specific. And let me tell you what is the truth. What’s the truth that no one is talking about? Here is the truth that no one is talking about: you’re going to have to raise the retirement age for social security. Oh I just said it and I’m still standing here! I did not vaporize into the carpeting and I said it.
We have to reform Medicare because it costs too much and it is going to bankrupt us. Once again lightning did not come through the windows and strike me dead. And we have to fix Medicaid because it’s not only bankrupting the federal government, it’s bankrupting every state government. There you go. If we’re not honest about these things, on the state level about pensions and benefits and on the federal level about Social Security, Medicare, and Medicaid, we are on the path to ruin,” – governor Chris Christie.
While I understand people’s passion about the Republican’s attempts to de-fund Planned Parenthood, for example, the dollar amounts involved are a fucking joke, it’s all about symbolism and pandering to their base. If only we as a country could work up the same passion for seriously seeking solutions to those big-ticket items that are driving us to financial ruin, perhaps our fiscal future would look a little brighter.
