This should be madatory reading for anyone out there yelling about balancing the budget. I am not suggesting balancing the budget is wrong, but one should know what they are talking about.
The pie chart is courtesy of Wikipedia. The summary below was lifted from 538.com.
Welfare for seniors, 34 percent: Social Security and Medicare wedges.
Defense, 22 percent (Defense and Homeland Security).
Welfare for everyone else, 20 percent ( Medicaid, Unemployment Insurance and Health & Human Services.)
Interest, 9 percent (Interest).
85% of the full budget is included in the above areas.
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