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In Other News... CEPS meme thread v 2020 - new year, new memes

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The following is fact, not meme fun. I wanted to know the real truth, and how bad defense spending is, so I looked.
Maybe this breaks into a separate thread discussion on budgets (is there one already?) and spending, and proposals by candidates, and the reality to support them.




US Federal Budget Breakdown
The Budget Components and Impact on the US Economy

Last updated 13FEB2020




There is more below that in the article, but in a nutshell, 2021 calls for:
  • $4.829 Trillion budget
  • 60% of that is mandated (social net ~$2.966 Trillion)
  • $705 Billion for all military spending (~14.6% of total budget)


I've been guilty, frequently, in this forum for throwing a comment out without checking my facts. And, as such, I'm usually called out on it. I don't mind. In fact, I appreciate being set straight so I don't perpetuate myths or mistatements. Looks like the 'defense spending is the biggest thing in the budget' can be put to bed now as well.




EDIT: Article states $705B for ALL military, and just above that it says military is more than half of $1.485T discretionary. Something's not right there, though what's a $50B plus or minus among friends? Still pales to the $2.966T mandatory spending (social security, medicare, medicaid).

There are reports that the Pentagon has misplaced roughly $21 Trillion. Oops (Rumsfeld said they lost $2T the day before 9/11)
 
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