If you were making up the budget for the federal government this year...
By Curt_Anderson March 29, 2023 10:44 am Category: Government (0.0 from 0 votes)
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Health care accounts for about one-quarter of the budget. Social Security accounts for about one-fifth of the budget. Defense spending is about one-eighth of it. Assistance to the world's needy is one percent of the federal budget.
(WaPo)The problem for McCarthy and the GOP is that once you exclude these big-ticket items, it becomes virtually impossible to balance the budget or even come close to substantial cuts. A recent study from the Committee for a Responsible Federal Budget showed that if you take defense, veterans, Social Security and Medicare spending cuts off the table, you would need to cut 85 percent of the remaining budget to balance it within 10 years, as House Republicans have said they aim to do.
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