Click Here to hear our Co-director Eric Kingson explain why America is not shortchanging kids to help seniors.

“Cutting back on the young is like eating the seed corn: satisfying a momentary need but leaving no way to grow a prosperous future,” wrote financial columnist Anna Bernasek in Newsweek.

But looking at federal spending doesn’t tell the whole story,reports NPR:

It’s a little misleading, though, to look only at federal dollars. Washington may spend more on seniors, but that’s partly because many programs that aid the young are primarily funded at the state and local level.

“The federal government is in charge of the old people,” says Dowell Myers, a demographer at the University of Southern California. “States do 90 percent of school funding.”

On The Daily Circuit, we’ll take a look at the spending numbers and how America chooses to divide the funding.