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Americans Are Missing Crucial Critical Thinking When it Comes To The Federal Budget

The federal budget in 2016 was $3.8 trillion dollars. That’s a lot of money. Roughly two-thirds of that money goes to mandatory spending (Social Security, Medicare, Transportation, Veteran’s Benefits and the like). A little less than a third ($1.1 trillion) goes to discretionary spending. Of that the biggest piece (55%) goes to the military.

*Click below to enlarge (charted by Statista)

Statista 2016 military expenditure by country and share of global total.

We outspend the […]