Proposed budget via NY times

[GenuineRisk]

Originally Posted by AeWingnut

http://www.nytimes.com/packages/html.../index.html?hp

The most useful thing about that chart, for people who don't understand much about government spending, is that it makes it visually clear that our largest areas of spending are Medicare/Medicaid, Defense, interest on the national debt and Social Security.

Social Security is required by law to be fully funded; it's illegal for it to borrow money, so it doesn't contribute to the deficit or debt and never has. The surplus it has run and invested in Treasury Bonds will keep it solvent for several more decades (regardless of what the media would like you to believe; Social Security is fine).

We don't have any choice about interest on the national debt.

Medicare and Medicaid are non-discretionary items.

What this means, is that all of these cuts in discretionary spending don't amount to a hill of beans. Any alleged budget hawk who talks a big game about cutting the deficit and does not discuss cutting the defense budget is not actually serious about cutting spending.

If you really want to slash the deficit, you need to slash defense.