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mnmoderatedem

(3,726 posts)
Wed Sep 25, 2013, 12:20 PM Sep 2013

so how much is 38 billion over 10 years?

that's what house republicans voted to cut from the food stamp budget. I'm no expert, but I have to think that 38 billion over a ten year time span is a rather miniscule amount, when taken as a percratage of the overall estimated federal budget.

Someone smarter than me could likely come up with an accurate estimated percentage...

6 replies = new reply since forum marked as read
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so how much is 38 billion over 10 years? (Original Post) mnmoderatedem Sep 2013 OP
I think our budget is around 3.6 trillion dollars. EOTE Sep 2013 #1
So... 3.8 billion a year... JHB Sep 2013 #2
Half the budget Ted Cruz needs in therapy. nt onehandle Sep 2013 #3
About One Tenth Of One Percent, Sir The Magistrate Sep 2013 #4
About a $77 dollar annual cut per enrollee Boom Sound 416 Sep 2013 #5
It is Hydra Sep 2013 #6

EOTE

(13,409 posts)
1. I think our budget is around 3.6 trillion dollars.
Wed Sep 25, 2013, 12:24 PM
Sep 2013

So, 3.8 billion would be about one tenth of one percent.

JHB

(37,158 posts)
2. So... 3.8 billion a year...
Wed Sep 25, 2013, 12:27 PM
Sep 2013

compared to the 2012 budget:

Actual expenditures: $3.538 trillion which is $3538 billion, so a little over 1/10 of 1%.

A little over 3/10 of 1% of the 2012 deficit. (which was $1.101 trillion).

The Magistrate

(95,247 posts)
4. About One Tenth Of One Percent, Sir
Wed Sep 25, 2013, 12:29 PM
Sep 2013

Current expenditures are given as 3.8 trillion, so at 3.8 billion a year, you have one thousandth of the budget. Running it out ten years, on the courteous but certainly false presumption of no expenditure growth, the 0.1% figure would hold. Since expenditures certainly will rise over the next ten years, the actual 'savings' would run well below 0.1%, probably no more than 0.06%.

Hydra

(14,459 posts)
6. It is
Wed Sep 25, 2013, 12:50 PM
Sep 2013

And SNAP has one of the best economic effect of any kind of stimulus.

Also, if they do cut that money, they'll use it for tax cuts or war, not for deficit reduction, so it's a moot point.

If we were serious about getting our spending under control, we wouldn't be talking about dumping $89 Billion dollars on bombing Syria. We had the money ready for that.

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