So you’re wondering how much Obama plans to cut from the budget? Well, after breaking down the data and turning it into easy to read pie-charts we found it really isn’t all that much.
- Only 13% of the total 2011 Federal Budget would be frozen
- Social Security, Medicare, Medicaid and Defense Spending are untouched
- The deficit would remain as high as $1.22 Trillion after cuts of $80 billion per year
- At the most, Obama’s plan would cut 2.2% of total federal spending in 2011.
Charting the Changes
In order for Obama’s cuts to become law, Congress would have to pass it. While the desire to reduce spending is there on both sides of the aisle, many believe this debate could become a political football with Republicans voting against it in favor of more cuts, while some Democrats shy away with no cuts in defense spending. In another post, I tackled cutting defense spending.