Monday, March 14, 2011

Federal Outlays

"They want what every first-term administration wants - a second term."
--Robert Ritter (Clear and Present Danger)

Wanted to jot these numbers down so that they're more clear in my head. Taken from OMB data table 3.1 Outlays by Superfunction and Function: 1940-2016.

2010 Federal Govt Outlays

Social Security $707 billion (20.4% of total)
National Defense $694 (20.1%)
Income Security $622 (18.0%)
Medicare $451 (13.1%)
Health $369 (10.7%)
Net Interest $196 ($5.7%)
Education, Training, Employment, Social Services $128 (3.7%)
Veterans Benefits and Services $108 (3.1%)

Total Federal Outlays $3,456

If we combine the Medicare, Health, and Veterans categories, we get a $921 billion 'healthcare' category which is about 27% of total outlays.

The categories above make up the bulk of what have been labeled 'nondiscretionary,' 'mission critical,' or the like, meaning that these categories should be off limits w.r.t. reductions. These categories sum to $3,276, which is 95% of total outlays.

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