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The U.S. Budgeting Process
And Five Common Misconceptions About It
January 4, 2019
In 2018, the U.S. government spent over 4 trillion dollars. How does this money get doled out?
About two-thirds of it was dedicated to "mandatory spending." That includes programs like Social Security, Medicare, Medicaid and interest payments on government debt. What's left? There's defense, and then there's the rest. The "rest" is what we are talking about here. That's what gets so much attention each year.
We've explained the yearly appropriations process in an infographic. And if you make it to the end, you'll find a bonus: Five common misconceptions about the U.S. budgeting process.