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Scuba

(53,475 posts)
Fri Mar 21, 2014, 06:55 PM Mar 2014

President's 2015 Budget in Pictures

http://nationalpriorities.org/analysis/2014/presidents-2015-budget-in-pictures/

This is how President Obama proposes allocating $1.16 trillion in discretionary spending in fiscal year 2015. Discretionary spending is the part of the federal budget that Congress determines annually during the federal budget process, and it accounts for 29 percent of total spending in the president's proposed 2015 budget. It does not include earned-benefit programs like Social Security and Medicare.



This is how discretionary spending, above, fits into the overall federal budget. As you can see, discretionary spending is less than a third of all federal spending. Sixty-five percent of spending, or $2.6 trillion, falls under the mandatory spending category. Mandatory spending refers to spending for earned-benefit programs like Medicare and Social Security. The remaining 6 percent of the federal budget, or $252 billion, will go towards interest on the federal debt.



This chart shows how President Obama plans to spend $2.6 trillion in mandatory spending in fiscal year 2015. Mandatory spending includes programs like Social Security and Medicare, which are often called earned-benefit programs. Lawmakers do not choose the exact amount of money spent on these programs, because it depends on how many people qualify for benefits.



This chart shows how President Obama proposes allocating all $3.97 trillion in federal spending in fiscal year 2015. This includes every kind of federal spending, from funding for discretionary programs like job training and environmental protection to mandatory programs like Social Security and Medicare as well as interest payments on the federal debt.




More at the link.
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