Federal Spending on Children to Decrease Over Next 5 Years
|October 31, 2011||Posted by M. P. under Budget, Children and Family, Education, Federal Government, News||
Federal spending on children is projected to decline significantly over the next 5 to 10 years, barring changes in current legislation or an unexpected shift in the current political climate according to the Kids’ Share 2011: Report on Federal Expenditures on Children Through 2010 from The Brookings Institution and The Urban Institute.
The report suggests that education programs and unrefundable tax credits will lose the most funding over the next decade, as federal spending will focus on interest payments on debt, non-child Medicare and Medicaid and Social Security costs. Projections indicate that by 2014 the United States federal government will spend more money will be spent on interest payments than children.