What are the giant programs in the US Federal Budget? As promised in my last Blog, I break down OMB’s budget Functions within the Human Resources Superfunction in this Blog. The largest Function is clearly Social Security, exceeding $1T/year starting in 2017. By Comparison, the National Defense Superfunction is only $578B in 2017.
Note the distinct drop in spending in some of the Functions in (Income Security, Health, Education, Training, Employment and Social Services) after 2010. These Functions are within the Discretionary portions of the Federal Budget and were curtailed as a result of the GOP taking the House in the 2010 midterms. Social Security is within the Non-Discretionary part of the budget and was untouched.
Also note that the Health Function rapidly grew again despite initial reductions. This was due to paying for Obamacare, which was wrongly named the “Affordable Care Act”.