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 […]