Obama’s 2010 Federal Budget Explained in Plain English

Onlineforextrading.com
Posted: February 26, 2009.

by Rebekah Manning

The US Federal Budget for 2010 was released today, February 26, 2009. Overall, roughly half of spending goes to the US Department of Defense with the remaining money divided among 22 other departments. As one of a very small number of Americans who have read through the 140 page docket outlining the plan, I have analyzed and detailed it below. Overall, Departments like Agriculture show great detail while other departments like that of State use broad language and provide few clues into what programs will actually receive the billions. Unsurprisingly the National Intelligence Agency has no details about either total budget nor allocation.

2009 Federal Budget Breakdown

Overall, close to half of the federal budget goes to the Department of Defense. When the funds from the Recovery Act are added in, The Department of Education is allocated a vast amount of money to help improve public school and increase access to higher education. The Department of Transportation also see a great deal of money for programs that will improve air traffic control and create an efficient and green fast interstate rail system.

To better understand the allotment of funds, the following chart shows the distribution of capital in the 2010 Federal budget.

LET THE REVOLUTION BEGIN!

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