Washington spent $3.5 trillion this year, $642 billion more than it took in. However, even drunken sailors can get religion, and the federal government now claims it has done so. Its means for salvation is "sequestration."The goal is to cut $880 billion in spending over the next decade. The chart shows who (predictably) gets it in the neck, and it will not be popular "mandatory" spending for Social Security, Medicare, Medicaid, and the like. Defense, which accounts for a mere 15.5 percent of the 10-year spending total, will be obliged to cough up 50 percent of the cuts. Some religion.
展开▼
