This is how much the government spends on the following programs in FY 2011:
Social Security or Pension Costs = $793.2B
Health Care Costs = $882.0B
Medicare Costs = $494.3B
Medicaid Costs = 347.0B
Education Costs = $129.8B
Defense Costs = $964.8B
Cost of Welfare = $485.6B
The Chart that follows shows that Healthcare, Medicare + Medicaid, is the largest part of the budget at 17%. Not far behind is Defense Spending and Social Security Costs at 15%.
After reviewing all this information, Where would you cut Government Spending?
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