The largest contributors to the debt over the last couple decades have been stimulus packages and tax cuts.
The largest contributors to the debt over the last couple decades have been stimulus packages and tax cuts.
And notably, discretionary budgets are relatively small, contrasted against the overall budget. In 2024 the entire discretionary budget was "only" $1.8 trillion. So things like "just" a hundred billion might seem fairly small, but are in reality a substantial chunk of all our discretionary allocations. Then there's the military, which eats up nearly a trillion dollars of this spending. In 2024 it was $886 billion, which does not include the spending on various wars around the world.
I can guarantee you that if companies were able to include the pension fund in their operations budget there would be a massive increase in pension shortfalls as their reserves get raided for operations expenses. The whole strategy of including "entitlement" spending in the budget conversation is a part of a conservative plot to get rid of Social Security and Medicare. That's why we shouldn't include it as part of the budget.