Question

What is the current budget of United States? What is the share of healthcare and education in budget? What is the share of national defense/ military? Analyze the result to take a position, and suggest for changes, if any.WITH REFERENCES

Answer 1

The USA follows the year from September which means its current budget of the fiscal year 2020 will go through October 1, 2019, to September 30, 2020. The US is holding the top position as the biggest economy in the world and that thing reflects in its budget.
The current fiscal budget outlays of the US stand at a record 4.746 trillion USD and revenues at 3.645 trillion USD which means there will be a deficit of 1.101 trillion USD.

The spending on defense is proposed at $718 to $750 billion.
The spending on education has been proposed at $62 billion which is a decrease of 12% from 2019 level.
The total spending on education, training and employment service stands at 112.4 billion USD.
The proposed US budget spending on healthcare is 616 billion USD while that on medicare is $685.2 billion according to the Bureau of Economic Analysis and White House publications.

The defense budget is justified given the fact that the US has been involved in many of the war fronts. The military activity in Afghanistan which is running for more than 17 years and recent activities in Syria has been stressful. The military advancement projects and other R&D means the US has the largest defense budget on the planet.
However, the budget is not providing enough support to healthcare as well as education. These segments are far more superior in quality but not at all affordable to the common public. Medicare is underfunded and in such a case, the US needs to raise its spending on healthcare and education considering the overall peaceful time period.
The US has already decided to pull out from Syria conflict and it plans to pull out troops from Afghanistan also.
This will surely ease out burden on defense spending.