Subject: 92 BUDGET FEDERAL PRIORITIES
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Written: 4:44 am Apr 12, 1991 by fcnl in cdp:fcnl.updates
SPENDING PRIORITIES IN THE ADMINISTRATION PROPOSED FEDERAL BUDGET
for fiscal year '92 (October 1, 1991 through September 30, 1992)
(Table to support "calendar" graphic ["pie chart"] in
FCNL's February-March 1991 Newsletter)
FY92 % of
Proposed Federal
Funds
(in $ millions)
CURRENT MILITARY SPENDING 294,399.151 25.8%
TOTAL COST OF PAST WARS 209,411.387 18.3%
NON-MILITARY RELATED INTEREST 126,759.029 11.1%
INTERNATIONAL RELATIONS 30,314.077 2.6%
ANTI-POVERTY PROGRAMS 175,073.163 15.3%
SOCIAL PROGRAMS 84,721.612 7.4%
COMMUNITY AND REGIONAL DEVELOPMENT 62,474.224 5.5%
SCIENCE AND THE ENVIRONMENT 36,100.454 3.2%
FED. EMPLOYEE RETIREMENT & BENEFIT 43,866.042 3.8%
MISCELLANEOUS GOVERNMENT PROGRAMS 85,069.702
less unallocated receipts: -85.000
-2,687.000
Pmt. to soc. sec. (off budget) -1,190.731
Gov't. programs, net 81,106.971 7.1%
--------------- -------
BUDGET TOTALS 1,144,602.462 100.0%
Notes:
Total, military-related 504,186.890 44.0%
Military-related interest(1) 177,219.458 15.5%
Total Interest: 303,978.487 26.6%
(1)Military-Related Interest: We calculate that 58.3% of the interest
paid on the federal debt is due to debts that were incurred to pay for wars.
What's in these categories? Spending categories are not exactly the same
as those that appear as "functions" in President Bush's budget. For example,
the president does include foreign military assistance as a military
expenditure; FCNL does.
FCNL also draws out a separate category of programs that are specifically
designed to assist low-income people, distinguishing these programs from
other development and social programs that are intended to benefit society
in general.
For an itemized list of all the programs included in each category,
request FCNL Document G-113 (8 pages).
In 1972, the Joint Congressional Economic Committee estimated the
national debt as 75% war-created due to World War II and the Korean and
Indochina wars. In 1977, FCNL recalculated the percentage of the debt
attributed to military- related spending. It was then two-thirds. In
February 1989, we recalculated the amount, based on the recent large deficit
years when military-related spending has run about half the federal funds
budget, and found it to be 58.3%. Based on this calculation, more than 2.3
trillion dollars of the 4 trillion dollar federal debt is war-related.
Friends Committee on National Legislation
245 Second Street, NE., Washington, DC 20002
(202) 547-6000 FAX (202) 547-6019
For a copy of the February/March Newsletter send your request with a
self-addressed stamped envelope.
End of text from cdp:fcnl.updates
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