General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsso how much is 38 billion over 10 years?
that's what house republicans voted to cut from the food stamp budget. I'm no expert, but I have to think that 38 billion over a ten year time span is a rather miniscule amount, when taken as a percratage of the overall estimated federal budget.
Someone smarter than me could likely come up with an accurate estimated percentage...
EOTE
(13,409 posts)So, 3.8 billion would be about one tenth of one percent.
JHB
(37,160 posts)compared to the 2012 budget:
Actual expenditures: $3.538 trillion which is $3538 billion, so a little over 1/10 of 1%.
A little over 3/10 of 1% of the 2012 deficit. (which was $1.101 trillion).
onehandle
(51,122 posts)The Magistrate
(95,247 posts)Current expenditures are given as 3.8 trillion, so at 3.8 billion a year, you have one thousandth of the budget. Running it out ten years, on the courteous but certainly false presumption of no expenditure growth, the 0.1% figure would hold. Since expenditures certainly will rise over the next ten years, the actual 'savings' would run well below 0.1%, probably no more than 0.06%.
Boom Sound 416
(4,185 posts)Hydra
(14,459 posts)And SNAP has one of the best economic effect of any kind of stimulus.
Also, if they do cut that money, they'll use it for tax cuts or war, not for deficit reduction, so it's a moot point.
If we were serious about getting our spending under control, we wouldn't be talking about dumping $89 Billion dollars on bombing Syria. We had the money ready for that.