The Allocation Of Funds Is An Ongoing Debate

When analyzing the causes of a debt it is only logical to consider the spending patterns of the party that has acquired the debt. In 2014 social programs were a whopping 61% of all federal spending while national defense, general government and debt service, economic affairs and infrastructure, and public order and safety made up the remaining 39%. Government spending on social programs such as Medicare and Medicaid and Social Security make up a huge amount of the country’s overall spending, and in turn its debt. It is important to not only consider the actual national debt, but the theoretical amount that the U.S. government owes in regard to the country’s liabilities. At the close of the fiscal year in September 2015, the U.S. government owed an estimated $26.7 trillion in obligations to Social Security

As citizens of the United States of America we must pay taxes to the government. The government takes these taxes and distributes them among different areas to fund each are; one of the highest percentages of spending goes to defense. The whopping amount of around 610 billion dollars makes the United States’ military the largest in the world, so large that its funding out-weighs the next seven highest spending countries. The problem with this is that the military does not really solve the large amount of very important domestic affairs; in fact we barely see the fruits of it. There are many reasons why we should cut down on the percentage spent on defense and focus more on other areas.

Since the attacks a number of civil defense programs have been initiated, which leads to more departments asking for an allowance within the national budget. This ultimately is leading to a larger and larger deficit that is quickly encompassing full percentage points of our GDP. There is a debate on how much defense

Something that I vehemently disagree on with both political parties is defense spending. In their platforms, both parties seem to favor an increase in funding, even if it is a bit more discretely worded under the Democratic Party’s platform. In my view, we allocate too much of our country’s resources to the military, and neglect many of its other needs in doing so. The United States military is by far and away the most puissant armed organization in the world. Here are some figures that help illustrate just how pragmatic that last statement is. In the 2015 fiscal year we spent 598 billion dollars on the military; that’s over fifty percent of the federal government’s discretionary spending.(1) In 2016, only 19 of 194 nations had a higher GDP than America’s defense budget; that means that the U.S. spends more money per year on its military than the total value of all goods produced and services provided in a country in a year in 90 percent of the world’s nations.(2) According to 2016 statistics the U.S. spends more on its defense than the next eight countries combined.(3) That same year, China was second with a 215 billion dollar defense budget and Russia was third at approximately 69 billion.

Overspending is a pertinent problem facing the lawmakers in Congress. In 2012 discretionary spending reached $1.3 trillion and mandatory spending $2 trillion, while only bringing in $2.5 trillion in revenue. Since the turn of the century back in 2000, non-mandatory spending by the government has topped out a whopping $16.1 trillion just in the past 13 years (Boccia, Frasser & Goff 2013). This persistent overspending on programs and services that are not necessary to the functionality of the country is what is causing the deficit to rise year after year. To remedy this issue the government must either increase the revenue it brings in through taxes and trade or reduce the amount of money it spend or perhaps even both. In 2012 thirty-one cents of every dollar that Washington spent was borrowed (Boccia, Frasser & Goff 2013). Most of which went to large programs such as Social Security and Medicare and if these large, growing programs, or just the budget in general, do not undergo financial reform it could spell disaster for the economy and fiscal state of the nation.

“To budget is to fight over money and the things money buys” (Document A). The federal budget is adjusted every year and has to follow certain criteria set forward by the Preamble to the Constitution. The Preamble sets five goals that the budget must fulfill, these goals are: to establish justice, to insure domestic tranquility, to provide for the common defence, to promote the general welfare, and to secure the Blessings of Liberty to ourselves and our prosperity. Furthermore, it is difficult to decide what clusters of the federal budget to allocate money to in order to meet the five goals of the Preamble which are “The Big Five”, “The Middle Five”, and “The Little Guys.” In each of the three budget clusters,

Today the United States faces many challenges, challenges that mirror the changing world we live in as well as the changing dynamics of our country as a whole. There is more than a few issues on the horizon for America, and many of these issues can be tied directly to government expenditures. Not the least of which is our current position on social security spending; arguably becoming the largest Ponzi scheme the world has ever seen. However, it is the details that really accentuate the complexity and scale of this ever growing budgetary concern. In 2012 social security spending totaled 819.7 billion dollars. Making it the number two largest expense in the in our government spending structure, second only to defense by a

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

department of health and human services programs $73.7 billion its more than social security $896

The United States has adopted a persona of uncontrollable spending policies, and short term solutions. As the spending trajectory continues in a downward spiral, fueled by unsustainable policies, and current tax revenues, the national debt continues to grow. For many years, the United States has implemented policies that failed to address mandatory spending costs, which, unfortunately continue to outpace the national economy. Furthermore, Congress has created a habit of introducing short term solutions in order to confront a long term issue of national debt. Although, there are many driving forces behind the U.S. fiscal problem, mandatory spending

The military’s high expenditures impact the economy’s ability to provide to other domestic services and programs.

Federal spending is a controversial topic due especially to the growing budget deficit. Millions of American citizens pay taxes each year helping to fund the Federal Budget. Although American citizens’ tax dollars are spent by the Federal Budget, how the resources are divided and spent are not always a proper reflection of how society wants the resources to be allocated. In 2013, Washington spent nearly $3.5 trillion, while only collecting $2.8 in revenue, adding billions to the budget deficit. Where do these tax dollars go? Approximately, 23% was spent on health care such as Medicare, 22% on Social Security, 19% on national defense, 19% on

The federal budget is designed every year by undergoing an arduous process to be ratified as a law. Under the regulations of the Budget and Accounting Act of 1921, the president first sends a federal budget request to the United States Congress reflecting the needs of federal agencies to work properly in the coming year. A debate in Congress ensues in response to the President’s budget request and eventually a budget resolution is put together by committees from both parties in the House of Representatives in the Senate which is then turned into actual spending bills called “appropriations bills”. A unique conference committee comes together to settle appropriations disputes between the House of Representatives and the Senate, potentially leading to the president’s signing of a veto of the proposed budget into law, which the president (by law) is

The third category, spending and interest, accounts for the littlest of the three categories. In lament terms, Social security, military and healthcare account for the majority of our budget. This is no surprise because Social Security and healthcare are both mandatory spending (services our programs we rely on) and the military is discretionary spending (services or programs we rely on), and as stated above, this accounts for the majority of our spending, thus our debt. We rely on these services on a daily basis, and the baby boomers continue to age, the cost spends on social security and Medicare will continue to grow. The same goes for healthcare. As healthcare continues to be costly, the amount spent on Medicaid and insurance providers will continue to grow as well. After reading and understanding where the money is spent, when I took the Concord Coalition’s Federal Budget Challenge, I had a better realization of how little things can improve the deficit in big ways.

Throughout most of the country’s history, the United States’ federal government maintained a reasonable level of national debt. For example, the total national debt in 1981 was $998 billion. Since then, however, the government has generated significant budget deficits, and the level of debt has risen to $16.7 trillion in 2013 (Calleo, 39). Budget deficits are caused