A three trillion dollar Federal budget: that's what the U.S.A. is running on. Or will run on, according to an interesting story on National Public Radio.
A $3,000,000,000,000 budget.
That's a lot of change.
Imagine that the image above is a pie chart. How much of those dollars are used for what we consider the government, i.e., the "everyday" government? I am talking about services we all know and love, such as transportation, environmental regulation, education, etc.
Look at the image above, and then divide it into four (25% each slice). Now take three of the four slices, then a little more. Eighty percent of the Federal budget is NOT for the typical government services we all think about (like those above):
- Social Security, Medicaid and Medicare (about 40%)
- Military (about 20%)
- Homeland Security, National Security, and veterans' care (about 20%)
Take one-fourth of the pie, then split it four ways. Of those four pieces, take three. That gives you 18.75%.
In reality, of the projected $3 trillion budget, only 17% will be dedicated to the actual day-to-day functioning of the United States. That's about $510 billion dollars.
Here is a re-worked version of the image above, complete with a simple pie chart.
I don't know about you, but this boggles my mind.
When the Baby Boomers begin to retire en masse, the shit is going to hit the fan.