The new federal budget for 2011 is now released, and with the proposed deficit of $1.267 trillion dollars, seeing the actual breakdown was actually pretty eye opening.
It’s interesting that we talk about health care reform, TARP and other bailout programs all the time when all these initiatives are going to make up less than 2% of our overall spending next year. On the other hand, Social Security (19%), Medicare (13%), Medicaid (8%) and Net Interest (7%) will make up almost half (47%) of our 2011 budget.
If we can just make everything more efficient…
Here’s the rest of the breakdown:
- Discretionary Security – 23%
- Discretionary Non-Security – 14%
- Social Security – 19%
- Medicare – 13%
- Medicaid – 8%
- TARP – 0%
- Job Initiatives – 1%
- Health Reform – 0%
- Other Mandatory Programs – 16%
- Net Interest – 7%
Data taken from the full budget proposal.
Shouldn’t we just concentrate on cutting the fat of the major programs to lower our deficit? It’s much easier than spending time arguing over expenses that is negligible right?
Aside: Here’s a video that better explains what I mean when expenses are negligible…
I know this sounds way too simplistic, but shouldn’t we sometimes just keep it simple? If corporations can cut their cost every single year, perhaps the government can at least be half as efficient.
What do you think?