Where the Money Goes: Share of Federal Spending by Category
by The Brookings Institution on Feb 26, 2014 | Views: 379 | Score: 4
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by The Brookings Institution on Feb 26, 2014 | Views: 379 | Score: 4
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The federal government spends a lot of money: $3.5 trillion this year. Two-thirds goes to pay for benefits programs, including Social Security, Medicare, Medicaid, farm subsidies, veterans pensions and interest on the debt. The remaining third, appropriated annually by Congress, is split roughly 50-50 between defense and non-defense.