Election 2012: Informing the national security agenda

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The U.S. national security budget

The U.S. national security budget

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  • http://www.cbo.gov/sites/default/files/cbofiles/attachments/01-31-2012_Outlook.pdf
  • Source: CBO Budget and Economic Outlook: Fiscal years 2012 to 2022
  • Sources: http://www.cbo.gov/sites/default/files/cbofiles/attachments/01-31-2012_Outlook.pdf; http://www.doleta.gov/programs/factsht/pdf/ui.pdf
  • Source: http://aspe.hhs.gov/poverty/12poverty.shtml
  • Source: http://www.military.com/benefits/content/military-pay/military-enlisted-pay-breakdown.html?comp=7000022778639&rank=5

Transcript

  • 1. OBAMA’S PROPOSED DEFENSE BUDGET:2.5% of GDP
  • 2. Romney’s proposed defense budgetROMNEY’S PROPOSEDDEFENSE BUDGET: 4 percent of GDP4% of GDP
  • 3. 2012 ENTITLEMENT SPENDING AS A PERCENTAGE OF: 70 60 50 40 30 20 10 0 FEDERAL BUDGET GDP
  • 4. 2012 PROJECTIONS MANDATORY SPENDING ($2,070)DEFENSE SPENDING($531) BILLIONS $ NET INTEREST ($224) GDP ($15,508) 0 5,000 10,000 15,000 20,000
  • 5. SNAPshot Since 2002, spending for the federal government’s food stamp program, the Supplemental Nutrition Assistance Program (SNAP), has increased 270 percent. In 2011, SNAP cost $71.8 billion.
  • 6. PICKING UP THE HEALTH CARE TAB The federal government financed 29 percent of total health spending in 2010, up from 23 percent in 2007. That’s $754 billion of $2.6 trillion spent on health care costs that year.
  • 7. DEFENSE NOW LESS THAN 20% OF THE BUDGET In four years, projected defense spending has been reduced by $800 billion.
  • 8. GUNS VS. BUTTERUnder sequestration, major entitlementswould be cut by 15%. Non-defense discretionaryprograms take a hit of 28%.The military’s budget would drop 43%.
  • 9. 2012 MANDATORY SPENDING PROJECTIONSIn 2012, Social Security is expected to payout $770 billion, Medicare will pay $560billion, Medicaid will provide $262 billion andunemployment compensation will cost $82billion.
  • 10. ENTITLEMENT SPENDING INCREASES 2000-2012 (BILLIONS $) 800 700 600 500 400 300 200 100 0 2012 2000
  • 11. 10 YEARS OUT, ENTITLEMENTS SKYROCKET WHILEDEFENSE STAYS FLAT…
  • 12. AVERAGE POVERTY GUIDELINE 2012Persons infamily/household Poverty guideline 1 $11,170 2 15,130 3 19,090 4 23,050 5 27,010 6 30,970 7 34,930 8 38,890For families/households with more than 8 persons,add $3,960 for each additional person.
  • 13. 2012 ANNUAL REGULAR MILITARY COMPENSATION (RMC)* Individual Servicemember Servicemember w/ Family of 4 BASIC PAY $25,884 $25,884 SUBSISTENCE ALLOWANCE $4,181 $4,181HOUSING ALLOWANCE $11,748 $14,808 CASH TOTAL $41,813 $44,873 TAX ADVANTAGE $4,073 $4,073 REGULAR MILITARY COMPENSATION $45,972 $48,946 *E-4 servicemember with three years of military service
  • 14. www.aei.orgLEARN MORE