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Budget of the United States Government, Special Analyses  Form

Budget of the United States Government, Special Analyses Form

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[Music] foreign federal government spends a lot of money about six trillion dollars in 2022 that's about 25 of the gross domestic product or GDP a measure of the size of the economy meaning that federal government spending accounted for about one out of every four dollars in the economy so where does all that money go federal spending can be divided into three slices mandatory spending is the biggest slice it includes Social Security Medicare just health insurance for the elderly Medicaid Health insurance for the poor and other benefits in 2022 mandatory spending comprised nearly two-thirds of the budget when it comes to these programs Congress sets the rules how Social Security benefits are calculated who is eligible for Medicare how much doctors and hospitals are paid for services and then the government pays the bills this spending is called mandatory because the government must pay for the benefits for anyone who qualifies no further approval of Congress is needed they are

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