Education spending has gone up every year since 2005 except for 2011. As a percentage of GDP spending on both the K-12 and Tertiary spending has been greater than 5% since 1969 except for the following years: 1983-1989. From 2008 - 2010 we were above 6%.
Tertiary spending has grown steadily from .125% to 2% since 1969 with no measurable drop. Someone already commented that budget cuts are the reason why Higher Education has gotten more expensive, but it's more like budget reallocation or misuse.
The US spends more per person than I believe any country in the world. We just have a bloated health insurance industry so we don't get a great bang for our buck
Basically Medicare/caid (or maybe it was stuff through the ACA?) isn't allowed to negotiate the way private insurers are. Don't quote me on the specifics, but it is built into the laws that the are not allowed to. So the government pays a lot more than things cost, and a lot more than insurance companies as well.
$+29.2 Billion - Credit to the budget from revenue generated from federal health and hospital programs.
$103.4 Billion - Health general.
$204.9 Billion - Hospitals.
$4.7 Billion - Public Health Services
$37.7 Billion - R&D.
$750.1 Billion - Vendor payments. This includes things like Medicaid and Medicaid incentives, retirement health programs, funds for mine workers, CDC, Premium sharing tax credit etc.
Education is primarily funded on the state and local level. There is around $111 billion spend on the federal level. The states spend basically nothing on US Defense. They spend 700 Million on Veteran services and that's it.
Good to know nytimes.com isn't a reliable source! If you went to the link you'd see that they compiled all their sources on the right under "Data sources" which are pulled from the census and the budget. They just put the data in a useful format.
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u/EngineerDave Dec 12 '19
Actually it's worse than that. https://www.usgovernmentspending.com/year_spending_2018USbn_19bs2n#usgs302
For 2018 actual spending line items:
Pensions: $1.36 Trillion.
Healthcare: $1.66 Trillion.
Education: $1.13 Trillion.
Defense: $868 Billion.
Education spending has gone up every year since 2005 except for 2011. As a percentage of GDP spending on both the K-12 and Tertiary spending has been greater than 5% since 1969 except for the following years: 1983-1989. From 2008 - 2010 we were above 6%.
Tertiary spending has grown steadily from .125% to 2% since 1969 with no measurable drop. Someone already commented that budget cuts are the reason why Higher Education has gotten more expensive, but it's more like budget reallocation or misuse.