What is all the new spending since 2019? The answer is surprising, as shown in the two tables below. The main drivers of the recent increases have not been the largest three programs"Social Security, Medicare, and defense"but rather rapid growth in numerous other programs.
Table 1 shows CBO spending for 2019 and baseline estimates for 2023. The largest increases have been nondefense discretionary, Medicaid, veterans, food stamps, health tax credits, welfare, school food programs, and interest. All data in both tables are fiscal year outlays.
www.cato.org
---- Medicaid
---- Veterans
---- Food Stasmps
---- Health Tax Credit
---- Welfare
---- School Food Programs
---- paying interest on the debts you owe.
#28 | Posted by snoofy
Umm...25% of it seems to be literally just Social Security and Medicare. Some of the rest may have large increases percentagewise but no where near dollarwise.
And the interest increase on the debt itself is about 14% of the spending increase.
What is all the new spending since 2019? The answer is surprising, as shown in the two tables below. The main drivers of the recent increases have not been the largest three programs"Social Security, Medicare, and defense"but rather rapid growth in numerous other programs.
Table 1 shows CBO spending for 2019 and baseline estimates for 2023. The largest increases have been nondefense discretionary, Medicaid, veterans, food stamps, health tax credits, welfare, school food programs, and interest. All data in both tables are fiscal year outlays.
www.cato.org
---- Medicaid
---- Veterans
---- Food Stasmps
---- Health Tax Credit
---- Welfare
---- School Food Programs
---- paying interest on the debts you owe.
#28 | Posted by snoofy
Umm...25% of it seems to be literally just Social Security and Medicare. Some of the rest may have large increases percentagewise but no where near dollarwise.
And the interest increase on the debt itself is about 14% of the spending increase.