REPUBLICANS PUSH CONSERVATIVE BUDGETS IN BOTH HOUSES
By David Espo and Andrew Taylor
WASHINGTON (AP) — Making good on last fall’s campaign commitments, Republicans advanced conservative budgets in both houses of Congress on Wednesday, setting up a veto struggle over the fate of the health care law and promising a whopping $5 trillion in spending cuts to erase deficits by the end of the coming decade…
…Both budgets envision a significant campaign to cut spending, with much of the savings coming from Medicare, Medicaid, food stamps and welfare…
National Priorities Project
By Jasmine Tucker
President Obama recently released his fiscal year 2016 budget proposal. Budgets are about our nation’s priorities: What are we going to spend money on? How are we going to raise the money we want to spend?
Though the budget ultimately enacted by Congress may look very different from the budget request released by the president, the president’s budget is important. It’s the president’s vision for the country in fiscal year 2016 and beyond, and it reflects input and spending requests from every federal agency.
These pictures tell the story of the priorities found in the president’s budget.
President’s Proposed 2016 Budget: Total Spending
This chart shows how President Obama proposed allocating $4.1 trillion* in total federal spending in fiscal year 2016, an increase of more than 5 percent over the total 2015 spending level. This includes every type of federal spending, from funding for discretionary programs like infrastructure improvements and job training to mandatory spending programs like Social Security and Medicare, as well as interest payments on the federal debt. Social Security and labor, Medicare and health programs, and military spending will make up 76 percent of the total budget, leaving just 24 percent, or $957 billion of the $4.1 trillion total, to spend on all other programs.
* Spending on Government (administration) is less than zero and omitted in the total spending pie chart. Lower than zero spending can occur when segments of government have surpluses from previous years that they return to the federal government.
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IndyStar.com By Matthew Tully 12/22/14 His party is about to be tossed from power in the U.S. Senate, the result of a brutal election year for Democrats, but Sen. Joe Donnelly of Indiana smiled over a plate of eggs Friday … Continue reading
(The Washington Post on 12/10/14 published “What’s in the spending bill? We skim it so you don’t have to,” as reported by Ed O’Keefe, and republished below.) This item has been updated and revised. The $1.01 trillion spending bill unveiled late … Continue reading