By: Katherine Szetu, Ibis Almada, John Mark Shorack, and Paul Ji.
In this project, we researched the 2011 U.S. Federal Budget.
The total budget in dollars: $3,834,000,000,000
The budget in percentages by categories:
- Security: 23.2%
- Non-Security: 13.6%
- Social Security: 19.2%
- Medicare: 12.8%
- Medicaid: 7.6%
- Troubled Asset Relief Program: 0.4%
- Allowances for Jobs Initiatives: 0.8%
- Allowance for health reform: *
- Other mandatory programs: 16.0%
The budget divided into mandatory (uncontrollable) and discretionary (controllable) spending:
-Mandatory
- Social Security
- Medicare
- Medicaid
- Troubled Asset Relief Program
- Allowances for Jobs Initiative
- Other mandatory programs
-Discretionary
- Security
- Non-security
How much of the budget is mandatory spending?
- $2,165,000,000,000
How much of the budget is discretionary spending?
- $1,415,000,000,000
How might we spend the discretionary spending?
- We would spend the discretionary federal funds mostly on security to ensure that no attack occurs on the mainland, as well as improving the lifestyle of our citizens which means helping with road construction, light posts, electricity and technology.
What we decided on:
- To distribute the discretionary spending I would find ways that ensure the public is happy but it also uses the money to its maximum potential. First of all, spend a portion of it about ⅕ or ⅖ on security this way adding to the security the country already has we can help ensure that there will be no sudden attack on our country and that we can provide security to our citizens. The rest of the discretionary spending will be used on our homeland to benefit our citizens. The government will fix roads, place street lights, build parks as well as any other item that benefits the people of the United States.
Glossary of budgetary terms:
- Appendix: contains detailed information on the various appropriations and funds that constitute the budget and is designed primarily for the use of the Appropriations Committees.
- Analytical Perspective: contains analyses that are designed to highlight specified subject areas or provide other significant presentations of budget data that place the budget in perspective.
- Budget of the United States Government, Fiscal Year 2011: contains the Budget Message of the President, information on the President’s priorities, budget overviews organized by agency, and summary tables.
- Historical Tables, Budget of the United States Government: provides data on budget receipts, outlays, surpluses or deficits, Federal debt, and Federal employment over an extended time period, generally from 1940 or earlier to 2011 or 2015.
- Office of Management and Budget: The group of individuals that in unison with the President conduct research and create the yearly budget.
- LIBOR: a measure of liquidity in the banking system
- GDP: The Gross Domestic Product, meaning the total amount of money produced in a country.
U.S. Government Honors. 