The federal budget is structurally composed of entitlements (Social Security, Medicare) and defense, which together account for the vast majority of spending, leaving only about $700 billion of the $6.75 trillion budget for discretionary non-defense spending on education, transportation, housing, and infrastructure.

factualpending

Speaker

Jim Milstein

Evidence Quote

That part of the budget is a mere 700 billion out of a total spending of 6.75 trillion. The rest of it is interest on the debt, retirement security, defense, and healthcare support.

Source

Jim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord' | Odd LotsBloomberg Podcasts
Created: 8/11/2026, 7:46:27 AM

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