I believe that interest on the debt now consumes 76% of federal revenue. And the rest they mostly waste.
What the heck is income security?
EC
How much would be freed up if Obamacare was eliminated? Considering that it should have never been started.
Economist E.J. Antoni reports that based on the Fed's June numbers, interest on the national debt is the equivalent of 76% of all personal income taxes collected by the government.Jul 21, 2024.. - https://dailyhodl.com/2024/07/21/interest-payments-on-us-national-debt-will-shatter-1140000000000-this-year-eating-76-of-all-income-taxes-collected-report/
Interest on the Debt on the Budget is about $1.2 Trillion, Defense Spending about the same and $2.78 Trillion Healthcare.