Federal Budget Essay

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The federal budget is known as the notorious economic tank from which money is distributed to various programs. The money used every fiscal year, which begins October 1st and ends September 30th the next year, belongs to the people. The government raises this money through taxes and they spend it on national defense, Medicare, and social security. The federal budget is an exercise in making choices, and those options will certainly affect individuals living in the U.S. These choices cause debt to pile up on the government, who is struggling to make it disappear. The deficit and debt of a government gauges how well it is being run and how well it has been run in the past. According to The Economist the national debt is the total…show more content…
There are not any easy ways to cut spending on the military especially since we are in the middle of fighting in Iraq. We can not just pull some troops or provide them with less weapons or supplies then expect them to protect our country as well as they are now. We need a defense budget that matches the new security challenges, not the threats of the last century. We need to recognize that a strong economy is essential for providing the resources to meet future threats; addressing these long-term debts will keep our economy strong. The wars in Iraq and Afghanistan are winding down and that will help lower the defense spending by almost $1 trillion over the next decade. The congress is realizing that they need to do some restructuring and have already begun rearranging the military budget in response to austerity. Congress conjured up a $630 billion defense appropriations bill that made plans to reduce civilian and contractor personnel by 5 percent over the next five years and in return ramp up advanced weapons programs, including drones, bombers and missiles says The Washington Post. The American Conservative

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