Sunday, July 31, 2011

Nice pie chart showing federal spending...Congress is focusing its appetite on the wrong side of the pie..

The lableling key to this chart starts with the darkest green slice at the top and goes clockwise. While not technically mandatory spending, all the green pieces of the pie would be considered politically mandatory items to fund in terms of prioritizing in the unlikely event the debt ceiling is not raised.  Excluding military payroll and VA benfits from the pie you can see our budget problem---interest on the national debt, Social Security and Medicare absorb 50% of the federal budget and it is rising.

Source: Business Insider

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