Showing posts with label Obama budget. Show all posts
Showing posts with label Obama budget. Show all posts

Tuesday, February 15, 2011

Armed And Ready, But For What?

The New York Times has a useful interactive graphic on President Obama's 2012 budget here. It doesn't include percentages, so I've provided them below. Also, the graphic misleads regarding Social Security: The program also pays for itself, meaning that while it is part of the budget, it does not contribute to the debt. Key areas of expense by percent of the budget (rounded):
Health and Human Services: Centers for Medicare and Medicaid Services: 30%
Social Security Administration: 22%
Treasury: Interest on the National Debt: 13%
Defense - Military Programs: Operations and Maintenance: 8%
Defense - Military Programs: Military Personnel: 4%
Defense - Military Programs: Procurement: 3.5%
Agriculture: Food and Nutrition Service: 3%
Labor: Employment and Traning Administration: 3%
Agriculture: Farm Service Agency: 2.5%
Office of Personnel Administration: 2%
Transportation: Federal Highway Administration: 2%
Treasury: Internal Revenue Service: 2%
Veteran's Administration: Benefits Programs: 2%
Other Defense Civil Programs: Military Retirement: 1.5%
Veteran's Administration: Veteran's Health Administration: 1.5%
All other departments are budget at less than 1%.
I'm no financial analyst, but this looks to me as if (a) we're for some reason armed to the teeth, and (b) we're getting older without preparing for it (or the debt wouldn't be so high while Medicare costs increase). Plus, it appears that for every dollar we spend on weapons, we spend more than two maintaining them.

Read the Times editorial on the budget here...

The debate -- such as it is -- over our aging population is all wrong. Conservatives see it as opportunity to gut Social Security and Medicare, two programs they've been sharpening their knives for since becoming law. The real question, though, is this: How will we as a nation deal with the requirements of an aging population while keeping the social contracts implied by Social Security and Medicare? Is the answer really to put elders on their own at a time when the next generation of Americans faces the possibility of limited prospects?