Annual Meeting Budget Presentation

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Annual Meeting Budget Presentation

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Annual Meeting Budget Presentation

  1. 1. The Proposed Discretionary Budget Military Spending 58% Environment, Energy & Science 6% Transportation 2% Income Security & Labor 2% International Affairs 4% Health 5% Housing and Community 5% Government 6% Food 1% Education 6% 5% Veterans' Benefits $1.24 Trillion www.nationalpriorities.org
  2. 2. Brief Look at Proposed 2012 Military Spending <ul><li>$553 billion for Pentagon base budget (43% increase over a decade) </li></ul><ul><li>$118 billion for war </li></ul><ul><li>$19.3 billion for nuclear weapons (21% increase over a decade) </li></ul><ul><li>$7.8 billion for “misc.” </li></ul><ul><li>$6.6 billion in military aid to “foreign” nations </li></ul>www.nationalpriorities.org
  3. 3. Cutting Pentagon Spending
  4. 4. Saving $960 bn in One Decade: Rethink, Reset, Reform <ul><li>Reduce number of nuclear weapons and delivery systems = $194 billion </li></ul><ul><li>Cancel Cold War and ill-performing weapons research, development and procurement = $139 billion </li></ul><ul><li>Reduce active-duty troops in Europe & Asia & similar cuts in Air Force and Navy = $394 billion </li></ul>Sustainable Defense Task Force Debts, Deficits, and Defense: A Way Forward
  5. 5. Impact: The Discretionary Budget Over Time Domestic Military Recovery Act Billions of $2010 International Affairs www.nationalpriorities.org
  6. 6. Brief Look at Waste, Fraud, and Abuse <ul><li>In a 10.6 letter from Tom Carper to Leon Panetta </li></ul><ul><li>DOD Inspector General notes inability to recoup approx. $200 million in delinquent debts due to poor (basic) record keeping </li></ul><ul><li>Commission on Wartime Contracting found $30bn to $60bn in largely avoidable DOD waste and fraud related to Iraq and Afghanistan wars </li></ul><ul><li>Government Accountability Office found $402bn in total major weapons system overruns ; up from $42bn in 2000 </li></ul>www.nationalpriorities.org
  7. 7. Impact on Employment Political Economy Research Institute, 2009 What does $1 billion get us in terms of jobs Direct Jobs Indirect Jobs Induced Jobs 11,600 17,100 19,600 29,100
  8. 8. Trade Offs: Pentagon Spending v. Proposed Program Cuts <ul><li>FY2012 Pentagon Proposed Budget (w/o wars, nukes) – $533 Billion </li></ul><ul><li>Proposed FY2012 Cuts </li></ul><ul><li>Medicare ($19.6 billion) – 13 Days </li></ul><ul><li>CDBG ($2.2 billion) – 35 Hours </li></ul><ul><li>LIHEAP ($2.5 billion) – 40 Hours </li></ul><ul><li>TANF ($3.98 billion) – 63 Hours </li></ul>www.nationalpriorities.org
  9. 9. Trade Offs: Creating Jobs <ul><li>FY2012 Pentagon Proposed Budget (w/o wars, nukes) – $533 Billion </li></ul><ul><li>2.7 million Elementary School Teachers AND </li></ul><ul><li>3.1 million Firefighters AND </li></ul><ul><li>2.6 million Police or Sheriff's Patrol Officers </li></ul>www.nationalpriorities.org
  10. 10. Trade Offs: Your Tax Dollars <ul><li>Weapons: 7.6 pennies of every individual federal income tax dollar </li></ul><ul><li>2.5X more than </li></ul><ul><li>CHIP: 2/7 of one penny </li></ul><ul><li>TANF: 2/3 of one penny </li></ul><ul><li>Section 8: 1/3 of one penny </li></ul><ul><li>CDBG: 1/5 of one penny </li></ul><ul><li>WIC: 1/4 of one penny </li></ul><ul><li>Head Start: 1/4 of one penny </li></ul><ul><li>Weatherization Asst: 2/3 of one penny </li></ul>www.nationalpriorities.org
  11. 11. Take Aways <ul><li>Military spending is growing, as always, and is just too big to ignore </li></ul><ul><li>Wider recognition that military spending pressures funding for other needed programs – including assistance to state budgets </li></ul><ul><li>Pentagon spending is “un-auditable” </li></ul><ul><li>Military industries are worried about cuts and are pushing back </li></ul>

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