At a recent budget summit in Washington DC, First Focus, a bipartisan advocacy organization dedicated to making children and families the priority in federal policy and budget decisions released some important and sad facts:
- Children receive a smaller piece of the federal pie today than they did 5 years ago. The share of total federal spending on children has declined by 1.7% since FY 2014 (from 8.20% to 8.06%)
- In FY 2018 the federal government spent 7.7% of its budget on the interest on the national debt – nearly as much as the 8.06% it spent on children. The Urban Institute estimates federal spending on interest on the debt will surpass all federal investments on children in FY 2020.
Making children a national priority takes more than words. It takes an ongoing commitment through policy and spending decisions to back up those words. What a shame it would be for the United States of America to spend more on the national debt than it does on our children.