Heavy Lifting - thoughts and web finds by an economist
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Thursday, December 30, 2004
about how the government should spend our money, it turns out that the bitching really is on the margin.
This picture just about says it all. Approximatley 70% of the federal budget is tied up in "human resources" which I interpret to mean salaries, social security, medicare and medicaid. Less than 10% of the "other functions" is what the majority of the griping (spend more on stem cell research, and such) is focusing on. Of course, 8% of $2 trillion is a lot of money - no doubt - but the big issues have already been decided (unfortunately) and by this graph the ability to rein in federal spending looks difficult.
(Hat tip to Solution Spaces)
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