Big Budgets Talk

Before you click share on those new articles coming out about the Budget, take some time to ingest some details on your own. Wouldn’t want something getting caught sideways as you have to swallow it whole later. ūüėČ

Don’t look for answers or opinions in this document, it’s for you to use and make your own determinations. It isn’t in support nor against any specific budget item.

I just want to help people find the truth, and by-pass the media. Here are some helpful and vital links:

Budget set last year (2016)

Budget from this year (2017)

Glossary of Terms

The Budget Office

Major Savings and Reforms  BUDGET OF THE U. S. GOVERNMENT Fiscal Year 2018

America First  A Budget Blueprint to Make America Great Again

President Trump’s Taxpayer First Budget

If you click on either of the first two which are the ACTUAL budget plans, you’ll see a document with a whole lot of numbers. Again, let me help you out a bit. Here are all the numbers on a chart for you:

govt budget

It’s a lot of data to take in. A few notes:

  • The columns (lines going up and down) are the numbers from the previous administration’s budget (Obama).
  • The lines (lines going left to right) are from the current administration (Trump).
  • If a COLUMN goes above or below a LINE of the same color, it means the previous administration budgeted more or less than the current administration for the specified year. And vice versa.

Here’s a look at just 2018 and 2019:

govt budget 2 year

And to clear the picture up just a bit more, here is the net change between the Obama Administration and Trump Administration’s proposed budgets for the next four years:

govt budget chgs

The red square areas show the biggest changes between the two administration’s plans. They are listed below along with links to the actual budget documents for this year:

  • National Defense¬†(50,491,000,000 Authority; -17,135,000,000 Outlays)
  • International Affairs¬†(+4,618,000,000 Authority; +5,249,000,000 Outlays)
  • Commerce and Housing Credit (doesn’t have a new document up yet)¬†(+19,631,000,000 Authority; +20,938,000,000 Outlays NOTE: This department is running in the red in regards to outlays.)
  • Transportation¬†(+18,827,000,000 Authority; +19,252,000,000 Outlays)
  • Health (+188,004,000,000 Authority;¬†197, +843,000,000 Outlays)
  • Net Interest (-89,018,000,000 Authority; -89,018,000,000 Outlays)
    >>Transactions that directly give rise to interest payments or income (lending) and the general shortfall or excess of outgo over income arising out of fiscal, monetary, and other policy considerations and leading to the creation of interest-bearing debt instruments (normally the public debt). Includes interest paid on the public debt, on uninvested funds, and on tax refunds, offset by interest collections.
  • Allowances (-36,401,000,000 Authority; -22,806,000,000 Outlays)
    >>A category that may be included in a budget to ensure that the budget reflects the total estimated budget authority and outlay requirements for future years. In addition to the budget authority and outlays in each of the functional classifications, the President’s budget normally includes some budget authority and outlays classified as allowances. 
  • Government-wide savings (not included in new budget)
  • Overseas Contingency Operations/Global War on Terrorism¬†(32,429,000,000 Authority;¬†20,148,000,000 Outlays)¬†(New department)
  • Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (not listed in previous administration’s document) (873,312,000,000 Revenues;¬†849,609,000,000 Outlays; 5,553,000,000 Administration Expense Authority; 5,584,000,000 Admin Exp Outlays)
  • Postal Service for discretionary administrative expenses (not listed in previous administration’s document) (281,000,000 Authority;¬†281,000,000 Outlays)

The other budget departments which have a nominal change to what was passed under the Obama Administration and the amount of change in 2018. Notice few have money taken away:

  • General Science, Space, and Technology (+2,986,000,000 Authority; +2,552,000,000 Outlays)
  • Energy (-427,000,000 Authority; +2,452,000,000 Outlays)
  • Natural Resources and Environment¬†(+4,104,000,000 Authority;¬†2,923,000,000 Outlays)
  • Agriculture (+76,000,000 Authority; +583,000,000 Outlays)
  • Community and Regional Development ¬†(+10,929,000,000 Authority; +6,314,000,000 Outlays) Couldn’t find a link, sorry.
  • Education, Training, Employment, and Social Services¬†(+3,195,000,000 Authority;¬†¬†11,982,000,000 Outlays)
  • Medicare (+5,457,000,000 Authority; +5,221,000,000 Outlays)
  • Income Security (+9,984,000,000 Authority; +5,586,000,000 Outlays)
  • Social Security¬† (+276,000,000 Authority; +276,000,000 Outlays)
  • Veterans Benefits and Services (+13,437,000,000 Authority; +15,008,000,000 Outlays)
  • Administration of Justice (+9,869,000,000 Authority; +4,347,000,000 Outlays)
  • General Government (+1,858,000,000 Authority; +1,610,000,000 Outlays)
  • Undistributed Offsetting Receipts (-5,114,000,000 Authority; -5,114,000,000 Outlays, NOTE: this department is running in red).
    >>Offsetting receipts that are deducted from totals for the government as a whole rather than from a single agency or subfunction in order to avoid distortion of agency or subfunction totals. Offsetting receipts that are undistributed in both agency and functional tables are the collections of employer share of employee retirement payments, rents, and royalties on the Outer Continental Shelf, and the sales of major assets. Interest received by trust funds is undistributed offsetting receipts in the agency tables, but is distributed by function (i.e., subfunction 950 in functional tables).
  • Across the Board Adjustments (not included in this years)

So, if you are REALLY interest in truth about any specific department, you have the tools to find it out.

Here are some other numbers which appear in the budget as they compare to the previous administration’s budget:

govt budget 2

Again:

  • The columns (lines going up and down) are the numbers from the previous administration’s budget (Obama).
  • The lines (lines going left to right) are from the current administration (Trump).
  • If a COLUMN goes above or below a LINE of the same color, it means the previous administration budgeted more or less than the current administration for the specified year. And vice versa.

Here’s some information on the Level of Public Debt¬†note it is from January 2017.

In regards to the headlines about Medicaid and Medicare cuts. The budget shows an increase of +5,457,000,000 Authority; +5,221,000,000 Outlays. 

  • To realign financial incentives and provide stability to both Federal and State budgets, the Budget proposes¬†to reform Medicaid by giving States the choice between a per capita cap and a block grant starting in 2020,¬†which would empower States to innovate and refocus their Medicaid programs on the most vulnerable
    populations. In addition, the Budget would provide States with more flexibility to control costs and design individual, State-based solutions to provide better care to Medicaid beneficiaries.

Regarding the SNAP (Food Stamp program):

  • The Budget proposes a suite of legislative proposals aimed at targeting supplemental Nutrition Assistance Program (SNAP) benefits to the neediest households, and encouraging work among able-bodied adults without dependents. The Budget also proposes to re-balance the Federal/State partnership in SNAP benefits to low-income households by gradually establishing a State match for benefit costs, phasing in from a national average of 10 percent in 2020 to 25 percent, on average by 2023. Combined, these reforms would generate nearly $191 billion in savings over 10 years.
  • The Budget proposes establishment of an application fee for retailers seeking authorization to accept and¬†redeem the electronic benefits provided by the Supplemental Nutrition Assistance Program (SNAP), formerly¬†Food Stamps. Currently, retailers do not pay a fee to become authorized, which fails to recognize the Federal costs of application processing and oversight of retailers, and the significant portion of a retailer’s revenue¬†that SNAP can represent. This proposal is estimated to generate approximately $2.4 billion in revenue over 10 years to offset SNAP expenses.

Regarding the Social Security Benefits:

  • This proposal would reduce Federal employee annuities, by implementing changes to the Federal Employees¬†Retirement System (FERS) and the Civil Service Retirement System (CSRS). The proposal would eliminate cost of living adjustments (COLAs) for FERS retirees, and would reduce CSRS retiree COLAs by 0.5 percent.
    The proposal would also make other changes to Federal retirement, such as eliminating the FERS Special Retirement Supplement for those employees who retire before Social Security eligibility age, and changing
    annuity calculations to include an employee’s “High-5” salary years instead of “High-3” salary years. The employee retirement landscape continues to evolve as private companies are providing less compensation in the form of retirement benefits. The shift away from defined benefit programs and cost of living adjustments for annuitants is part of that evolution. By comparison, the Federal Government continues to offer a very generous package of retirement benefits. Consistent with the goal to bring Federal retirement benefits more in line with the private sector, adjustments to reduce the long-term costs associated with these benefits are included in this proposal.

 

 

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