In 2012, 19% of federal spending went toward Defence Department, 22% to social security, 23% to medicare and medicaid. 17% of spending was "discretionary", of which majority went toward Health and Human services. 6% was for paying INTEREST on old debts. Federal budget deficit was about $1 Trillion, while defense spending was $670 Billion. So, if you cut all defense spending, you'd still be $330 Billion short. Soon China and India alone will own 65% of that GDP. By 2020 the west will be a 3rd world country. Get used to being poor because there's no fix for the GDP shift.
3 years ago