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?
Promote or Save This Article
If you like this article, please consider bookmarking or helping us promote it!
Print Post | Email Post | Del.icio.us | Stumble it! | Reddit |
Related Posts
- Gov’s $787 Billion Economic Stimulus Plan Breakdown
- The Little Budget Travel Book is a Bestseller
- The Little Budget Travel Book is Going Out of Stock Again
- Filing taxes online
- Goldman Sachs and Morgan Stanley Becoming Bank Holding Companies Ends Era of Investment Banking
Subscribe! (and Get a Mini-Course with Free Registration)
Follow me on twitter! In addition, subscribe to grab free amazing content or take advantage of the newsletter to have content delivered to you. For starters, a 7-part mini course to help you spend less and be happy will be delivered to you when you subscribe!(Don't worry about spam, because we hate it as much as you do!)
{ 2 comments… read them below or add one }
Thank for the video…. that puts it in perspective!
Nice job!
I like your creativity and attempt to put things in perspective. If they cancelled a few simple items such as(WH Easter Egg hunt, bottled water for the congress, some congressional “fact finding” trips) the money saved would start to add up. The idea that all of the money needs to come from one program only creates resentment.