7 of 7
Administration on Aging
Administration on Aging
This agency, which helps senior citizens navigate the maze of federal bureaucracy and maintain independent lives, saw its budget of over $2 billion cut by $16 million.

To some, that's a small price to pay for an attempt to balance the budget."You have to look at how much these programs have grown," said Brian Riedl, a budget expert at the Heritage Foundation, noting that federal spending on anti-poverty programs in general has gone from under 1% of the nation's total economy during the 1960s to almost 5% today. "If we want to bring the deficit under control, you can't wall these programs off."But others note that the attempt to balance the budget is currently being done largely through cuts alone, not tax increases.

"We need to keep in mind that these programs serve less advantaged families," said Isabel Sawhill, a senior fellow in the economic studies program at the Brookings Institution. "No sacrifice has been asked of the wealthy who don't rely on such programs but do pay taxes."

More galleries
Last updated April 15 2011: 7:23 AM ET
Not too bad, Mr. President Deficit hawks aren't too upset by the president's latests deficit plan. More
Obama: I'll cut $4 trillionPresident Obama's most ambitious plan yet for reining in the nation's debt. More
Tax the rich! But then what? Can the cuts be effective if Obama doesn't raise taxes on most Americans. More
Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.