On the spending side, here's a look at what these proposals look like on paper:
Federal Spending would be limited to 20% of GDP annually.
- Based on data from the CIA WorldFact Book, the 2011 U.S. GDP fell between $15.09 and $15.29 tillion, so the 20% limitation would be between $3.018 and $3.058 trillion per year.
Discretionary Spending unrelated to defense would go back to pre-2008 levels.
- Spending Items Affected:
- Dept. of Health and Human Services
- Dept. of Education
- Dept. of Veterans Affairs
- Housing and Urban Development
- State Dept. and Other Intl. Programs
- Dept. of Energy
- Dept. of Justice
- Dept. of Agriculture
- Dept. of Transportation
- Dept. of Treasury
- Dept. of the Interior
- Dept. of Labor
Comparison of 2012 and 2008 Spending Levels: figures shown are in billions of dollars, data courtesy of the GAO Federal Balance Sheet Report for fiscal year 2011
Reduced Wages and Benefit allotments for Federal Employees: note that figures listed are in billions of dollars. Here thousands of billions would be trillions of dollars in real value.
At present, there seems to be no specified criterion or target for reductions in either category. However, given the level of spending and comparing these figures against the data available (courtesy of the Office of Personnel Management) on the civilian and military workforce we can calculate the funds spent per individual per employee.
- There's a total $2,031,000,000,000.00 in employee benefits and wages. divide that by the 2,776,000 total executive branch employees (which include legislative, judicial, and postal employees) that comes to $583,465.42 per person annually.
- Total military benefits and wages came to $3,765,700,000,000. Divided by the 1,602,000 men and women in uniform that comes to $2,350,624.22 per person annually.
Based on what has been published and reported on the Republican agenda around military spending, most of the defense related spending in the federal budget is either left at present levels or expanded further.
Spending Reductions Related to Medicare:
Like the federal wage cuts, the Republican plans for spending reductions are not very specific, but there is plenty of data on what the government actually spends on these programs.
Note that the following figures listed are in billions of dollars, hence thousands or tens of thousands of billions would be trillions or tens of trillions respectively. Spending figures are for FY2011.