It's misallocated through an enormous network of private contractors, ineffectual nonprofits and government bureaucracies. The unaffordable expenditure (public housing or at least publicly funded housing) is completely out of that budget, while the rest of the programs are so watered down and so much have been leeched out of them that they're completely ineffectual. Rebuilding capacity for direct state action, without farming out to all of these parasitic middlemen is a key component, as is reducing or eliminating wasteful and top-heavy bureaucracies.