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Annual Meeting Budget Presentation
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The ProposedDiscretionary Budget
MilitarySpending
58%
Environment, Energy & Science 6%
Transportation 2%
Income Security & Labor 2%
International Affairs 4%
Health 5%
Housing and Community 5%
Government 6%
Food 1%
Education 6%5% Veterans' Benefits
$1.24 Trillion
www.nationalpriorities.org
Brief Look at Proposed2012 Military Spending
$553 billion for Pentagon base budget(43% increase over a decade)
$118 billion for war
$19.3 billion for nuclear weapons(21% increase over a decade)
$7.8 billion for “misc.”
$6.6 billion in military aid to “foreign” nations
www.nationalpriorities.org
Cutting Pentagon Spending
Saving $960 bn in One Decade:Rethink, Reset, Reform
Reduce number of nuclear weapons and delivery systems =$194 billion
Cancel Cold War and ill-performing weapons research, development and procurement =$139 billion
Reduce active-duty troops in Europe & Asia & similar cuts in Air Force and Navy =$394 billion Sustainable Defense Task Force
Debts, Deficits, and Defense: A Way Forward
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.$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Impact: The DiscretionaryBudget Over Time
Domestic
Military Recovery Act
Billions of $2010
International Affairs
www.nationalpriorities.org
Brief Look at Waste,Fraud, and Abuse
In a 10.6 letter from Tom Carper to Leon Panetta DOD Inspector General notes inability to recoup approx.
$200 million in delinquent debts due to poor (basic) record keeping
Commission on Wartime Contracting found $30bn to $60bn in largely avoidable DOD waste and fraud related to Iraq and Afghanistan wars
Government Accountability Office found $402bn in total major weapons system overruns; up from $42bn in 2000
www.nationalpriorities.org
Impact on Employment
Military Clean Energy Healthcare Education0
10,000
20,000
30,000
Political Economy Research Institute, 2009
What does $1 billion get us in terms of jobs
Direct JobsIndirect JobsInduced Jobs
11,600
17,100
19,600
29,100
Trade Offs: Pentagon Spending v. Proposed Program Cuts
FY2012 Pentagon Proposed Budget (w/o wars, nukes) – $533 Billion
Proposed FY2012 Cuts
Medicare ($19.6 billion) – 13 Days
CDBG ($2.2 billion) – 35 Hours
LIHEAP ($2.5 billion) – 40 Hours
TANF ($3.98 billion) – 63 Hours
www.nationalpriorities.org
Trade Offs: Creating Jobs
FY2012 Pentagon Proposed Budget (w/o wars, nukes) – $533 Billion
2.7 million Elementary School Teachers AND
3.1 million Firefighters AND
2.6 million Police or Sheriff's Patrol Officers
www.nationalpriorities.org
Trade Offs: Your Tax Dollars
Weapons:7.6 pennies of every individual federal income tax dollar
2.5X more than
CHIP: 2/7 of one penny
TANF: 2/3 of one penny
Section 8: 1/3 of one penny
CDBG: 1/5 of one penny
WIC: 1/4 of one penny
Head Start: 1/4 of one penny
Weatherization Asst: 2/3 of one penny
www.nationalpriorities.org
Take Aways
Military spending is growing, as always, and is just too big to ignore
Wider recognition that military spending pressures funding for other needed programs – including assistance to state budgets
Pentagon spending is “un-auditable”
Military industries are worried about cuts and are pushing back
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