Election 2012: Informing the national security agenda
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The U.S. national security budget
Transcript of Election 2012: Informing the national security agenda
OBAMA’S PROPOSED
DEFENSE BUDGET:
2.5% of GDP
Romney’s proposed defense budget
4 percent of GDPROMNEY’S PROPOSED
DEFENSE BUDGET:
4% of GDP
0
10
20
30
40
50
60
70
FEDERAL BUDGET GDP
2012 ENTITLEMENT SPENDING AS A PERCENTAGE OF:
0 5,000 10,000 15,000 20,000
GDP ($15,508)
NET INTEREST ($224)
DEFENSE SPENDING($531)
MANDATORY SPENDING
($2,070)
BILLIONS $
2012 PROJECTIONS
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.
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.
DEFENSE NOW LESS THAN 20% OF THE BUDGET
In four years, projected defense spending has been reduced by $800 billion.
Under sequestration, major entitlements
would be cut by 15%. Non-defense discretionary
programs take a hit of 28%.
The military’s budget would drop 43%.
GUNS VS. BUTTER
2012 MANDATORY SPENDING PROJECTIONS
In 2012, Social Security is expected to pay
out $770 billion, Medicare will pay $560
billion, Medicaid will provide $262 billion and
unemployment compensation will cost $82
billion.
2000
20120
100
200
300
400
500
600
700
800
ENTITLEMENT SPENDING INCREASES 2000-2012 (BILLIONS $)
10 YEARS OUT, ENTITLEMENTS SKYROCKET WHILE
DEFENSE STAYS FLAT…
Persons in
family/household Poverty guideline1 $11,170
2 15,130
3 19,090
4 23,050
5 27,010
6 30,970
7 34,930
8 38,890
For families/households with more than 8 persons,
add $3,960 for each additional person.
AVERAGE POVERTY GUIDELINE 2012
*E-4 servicemember with three years of military service
Individual
Servicemember
Servicemember
w/ Family of 4 BASIC PAY $25,884 $25,884
SUBSISTENCE
ALLOWANCE
$4,181 $4,181
HOUSING ALLOWANCE $11,748 $14,808
CASH TOTAL $41,813 $44,873
TAX ADVANTAGE $4,073 $4,073
REGULAR MILITARY
COMPENSATION
$45,972 $48,946
2012 ANNUAL REGULAR MILITARY COMPENSATION (RMC)*
