Debt Ceiling Reality:

Debut of Made-in-China Social Security Checks

By Dr. Ileana Johnson Paugh —— Bio and Archives--July 15, 2011

Cover Story | Comments | Back To Full Article

The total federal budget for 2012 is $3.68 trillion. The interest on debt is $242 billion. The rest constitutes mandatory and discretionary spending. Discretionary spending refers to the budget appropriated each year. The discretionary budget is one third of the federal budget. Congress directly sets the level of discretionary spending ($1.24 trillion) and can choose to increase or decrease any programs.

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