What Is The Biggest Cut To The National Budget?

In response to a rapidly increasing national debt, President Barack Obama signed into law in August of 2011 the Budget Control Act (BCA) which mandated $1.2 trillion in across-the-board spending cuts, known as sequestration, over a 10-year period (Matthews, 2013). The BCA of 2011 was intended to serve as motivation for the Joint Select Committee on Deficit Reduction to come up with a deal for achieving equivalent spending cuts and avoid a mandatory sequestration (Matthews, 2013). The committee

“The federal budget is the yearly plan for how the US government will spend the money it takes from taxes and borrowing.” After thoroughly analyzing the federal budget from 2012, it is unquestionably evident that a majority of the money is being put into a few major categories, leaving room for the rest of the smaller categories to be financially neglected. Is this fair? It seems that the money could be more fairly distributed, and that there is room for cuts in some of the larger categories, to improve the littler ones. In each of the three budget clusters, the US Government should make adjustments in the way it is distributing money; changes involving the big five, the middle

Answer: If there is a difference in the spending of government and the in income will lead to the deficits. More over deficits occurs when the amount of government total budget exceeds its total receipt for a fiscal year was said by US senate budget committee. From the US debit clock, largest budget items list are medical, social security, defense/war, income security, net interest on debt, federal pensions. As we can see that the largest budget items every item has its own importance for Medicare the budget is $949 billions, social security is $872 billions, defense is $591 billion, income security is $310 billions, net interest on debt is $245 billion, and federal pensions is $253 billion. A cut back in the spending of the government is not an easy task because which lead to so many issues. Every items has got his own importance consider defense which is a national importance, medical which is health importance, likewise every items has got their own importance. I would recommend cut back on income security in which the budget is allotted to maintain forester care, earned income credit, unemployment compensation, nutrition assistance, family support, making work pay this is meant for the citizens of the social welfare.

In addition to Reaganomics, the federal budget deficits climbed in his years in office. Before President Reagan was in office the budget deficits were below $75 billion and then from 1982 to 1989 the annual deficit surpassed $100 billion. The Department of Defense annual budget increased approximately 85 percent. During his presidency the national debt tripled from $908 billion in 1980 to $2.6 trillion in 1988. Liberals believed that the debt was acceptable if the government invested in education, transportation, healthcare, and other economic and social issues. When President Reagan was in office, he cut most of the programs that President Johnson had created to benefit the low-income families. The government spending did not make all Americans prosper. The social issues were not solved because the government spent the money other issues like to pay for the interest on the debt. Today, these social problems still remain a problem in the United

Many contend that deficit reduction is imperative to our prosperity and economic recovery. The deficit is blamed for a variety of economic ills including high interest rates, unemployment, the trade deficit, the low rate of national saving and low productivity growth (Shaviro, 1997).

Following his less-government intervention views, Reagan cut the budgets of non-military programs including Medicaid, food

Growing spending and debt are undermining economic growth and may push the nation into a financial crisis in coming years. Edward then stated that the solution to these problems is to downsize every federal department by cutting the most harmful programs. This study proposes specific cuts that would reduce federal spending by almost one-quarter and balance the budget in less than a decade."

This budget contains grants, reimbursements from schools, and payments that is from schools. $72.9 billion was set aside for public and higher education institutions. Most of the money is difficult to get if it is for a project that it was not intended for. Since the legislature cannot take money out of these two accounts when they would like, they just cut the budget. This is to give them more wiggle room in other areas that they would like to see the budget go to. There is a cycle that can be seen throughout the government. If the state wants money they need to spend what they have in order to receive federal

Should the Federal Budget be spent evenly or are some categories more important than others? There were goals for the United States when it was created, it is called the Preamble. The United States wants to fulfill these goals, however they have a budget. The government hasn’t been spreading the money evenly between the categories. (BGE) The category of the Big Five has way too much of the budget. If we spent more money on other categories, will the government be able to fulfill the goals of the Preamble? Within each of the three budget clusters -the Big Five, the Middle Five, and the Little Guys - several changes should be made because the amount of money the government is spending on one cluster isn’t benefitting our country.

There are not any easy ways to cut spending on the military especially since we are in the middle of fighting in Iraq. We can not just pull some troops or provide them with less weapons or supplies then expect them to protect our country as well as they are now. We need a defense budget that matches the new security challenges, not the threats of the last century. We need to recognize that a strong economy is essential for providing the resources to meet future threats; addressing these long-term debts will keep our economy strong.

With that being said, one would wonder if all the categories in the Big Five are equally distributed or if the money that is out in one category could be better spent in a different category. One might think that the national debt should be increased. It is essential that the national debt be increased since the country is in deep debt. As stated in Document C, the U.S has more than $10 trillion in debt. Being so deep in debt can disturb our already fragile economy and borrowing additional money can threaten the livelihoods of Americans. One category that could be decreased is Defense. The cartoon in Document F shows President Obama writing the budget, and three figures standing before him, two small ones and one big

During his first term in office, Reagan sent congress the revisions of the budget that he thought could work. People said “his plan were an across-the-board tax cut and an effort to reduce the size and growth of the federal government,” (Kenneth Walsh). Though many critics said that the budget he created would not do anything but harm the people and the government, they were still put in place. Those critics were right, with the budget and tax cuts caused for there to be the worst recession since the great depression. Critics went ahead and called

It is the important think to continue the U.S. as a globalized nation. The cuts I made was to the highways, railroads and surface transportation a cut to 61.2 billion, Water and air transportation was cut to 31.8 billion, NASA and scientific research saw a cut to 30.6 billion and community and regional development was cut to 20.4 billion. Education was also cut from 102.6 billion to 101.5 billion in cuts to k-12 vocational Education, higher education, arts and other social service. Natural resource took a cut as well from 69.0 billion to 68.5 billion with cuts in National parks and resources to 34.2 billion and farm assistance and agricultural program from 22.9 billion to 22.7 billion. The final cuts were on international affairs the cut was from 52.4 billion to 51.8 billion in cuts to international development from 27.1 billion to 26.3 billion, embassies and other foreign took cut from 12.9 billion to 12.5 billion and foreign military aid got cuts from 12.4 billion to 12.0

Reagan, during his administration fought to decrease the far-reaching policies of the federal government. He increased defense spending, social security payments and tax cuts, causing less money to be spent on grant-in-aid programs. The trend set by Reagan has been carried on throughout the more recent administrations. The role of the state and

This paper will attempt to answer the question: Is the federal deficit and government deficits in general a good or a bad thing? While it may be easy to lose sight of how the government chooses to handle its money, it is also important for citizens to be conscious of how their money is being spent, and whether or not the current course that the government is plotted on is either sustainable or the best allocation of resources.