Have you ever wondered how congress is really spending your money? This is something that a lot of people have thought about! When they pay their taxes, what are they really funding? Well, the current spending by the U.S. Government stands at $4,829 trillion. This is the federal budget for the 2021 fiscal year. It covers October 2020 until September 2021. This is in accordance with the Office of Management and Budget Report for FY.
There were a number of key takeaways from this report. This includes the fact that two-thirds of federal costs need to go to mandatory programs, including Medicaid, Medicare, and Social Security. Furthermore, in an attempt to continue to boost economic growth, deficit spending has risen.
However, what you may be surprised to learn is that a lot of our money ends up being pumped back into private organizations and industries. This is something that Lawsuit Legal has illustrated perfectly in the infographic that they have put together. In this infographic, you can see exactly how the White House spends public funds. You will be able to see what it is spent on, and how these different industries use the funds in question. As you can see, the healthcare sector does receive the majority of public funds. However, our public spending is also being pumped into everything from land management to energy companies. It is certainly insightful to see where our hard-earned cash is being used!
Infographic Design By Lawsuit Legal