Do you ever wonder where your tax dollars go? The Office of Manpower and Budget (OMB) uses accounting buckets to aggregate programs and spending. It calls large program groupings “Superfunctions”. The below chart clearly exposes that Superfunction monster. The blue line is the Superfunction named “Human Resources”, and it’s growing at an frightening rate.
The Human Resources Superfunction consists of a number of smaller program groupings called “Functions”. The Functions within it are:
- Education, Training, Employment, and Social Services
- Health (Including Obamacare)
- Income Security
- Social Security
- Veterans Benefits and Services
My next Blog will break out those Functions in another chart, to show the magnitude of each Function. If we are going to solve our unsustainable spending, we all need to understand where the money is going.
Note: The purple line, which is the Superfunction “Interest” (on the National Debt), is growing at nearly the same unsustainable rate as Human Resources.