2016 Postmortem
Related: About this forumBudget diagrams - why are Social Security and Medicare ever shown on diagrams of the Federal
Budget?
These are off-budget, self-financed programs, just like the Post Office!
This is a more accurate image of the federal Budget!
DJ13
(23,671 posts)To make the Pentagon portion look smaller than it is.
skrempi313
(29 posts)Samantha
(9,314 posts)But to answer your question, when President Obama gave us a temporary break on the FICA tax, he made the statement the difference would be paid out of the Social Security Trust Fund but paid out of the general ledger. I thought he made that statement to assure the American people he was not trying to make the Fund less stable; he was only trying to give us a break during tough times. Just a guess on my part.
Sam
hedgehog
(36,286 posts)the ratios look about right to me based on various charts i've seen.
The first chart is here:
http://uafps100x.community.uaf.edu/2012/10/11/week-7-the-federal-budget/
The second is here:
http://nationalpriorities.org/budget-basics/federal-budget-101/spending/
Samantha
(9,314 posts)Take a look at this chart representing the 2011 budget. And check out the explanation above it -- here are two paragraphs:
"Annual budget deficits occur when spending exceeds revenues; the government must borrow to cover such a shortfall. Federal debt held by the public is the total value of outstanding Treasury bills, notes, bonds, and other debt instruments (including Treasury securities held by the Federal Reserve) that have accumulated over time to finance the governments activities.
At the end of fiscal year 2011, debt held by the public amounted to $10.1 trillion, or 67% of GDP. Another $4.6 trillion in Treasury securities were held by other federal government accounts, representing amounts that one part of the government (mostly the Social Security Administration) had lent to another (the Treasury)."
It is too late for me to examine this in depth, but I am wondering if that Social Security portion indicates the Federal Government is having to pay back part of what it borrowed. I also know the break on the FICA tax is financed by the Federal Government, but that alone cannot exceed what we spend on defense.
Maybe we can look at it again tomorrow and discern the answers; or perhaps someone here more knowledgeable than I can comment. But generally speaking, this is an excellent source for your question.
Sam
Hydra
(14,459 posts)The Military/police/intel and Gov't corruption are swallowing our budget whole. If people were constantly seeing the bottom chart, they'd be asking how much we should be cutting from the red and putting into social programs.
The upper chart makes the social programs look like the economic drag.
Jeff In Milwaukee
(13,992 posts)There's a significant chunk of other discretionary budgets that support the military. Through the Cold War, a significant portion of nuclear R&D was conducted by the Department of Energy. And some of our "foreign aid" is directed toward nations with whom we have military alliances -- not necessarily nations that have the greatest need for assistance.
PoliticAverse
(26,366 posts)so it is certainly part of the budget.
See: http://www.democraticunderground.com/?com=view_post&forum=1002&pid=1913762
Squinch
(51,074 posts)Medicare gets 410B from the general fund, and the total federal budget is 3.7 trillion. So that would be about 11%. Where is my mistake in that? Even if you put it in, it isn't 14%.
Samantha
(9,314 posts)Medicare Trust Fund as it did the Social Security Trust Fund and it is having to make payments to restore that since the baby boomer retirement is happening. Anything there?
Sam
Jeff In Milwaukee
(13,992 posts)You and your god-damned accuracy!
Harumph!!
Yes, I used to exclamation points there to show my utter disdain...
And ellipses to indicate that I had something more to say, even though I don't.