5 ms·
For reference. https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ https://www.nationalpriorities.org/budget-basics/federal-bud... 6
by sien 8y ago
For reference.
https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ https://www.nationalpriorities.org/budget-basics/federal-bud...
60% of US government spending is on Medicare and Health and Social Security.
About 2.3 Trillion.
Interest on debt 230 Billion.
- nilskidoo 8y agoCounterargument: That is a blunt lie. https://thehill.com/blogs/blog-briefing-room/news/259476-ex-gao-head-us-debt-is-three-times-more-than-you-think https://thehill.com/blogs/blog-briefing-room/news/259476-ex-... https://fpif.org/americas-global-military-bases-actually-undermine-national-security-heres-how/ https://fpif.org/americas-global-military-bases-actually-und... I'd imagine maintaining ownership of 95% of all military bases on the planet costs a little more than the 15 bucks per month my mom got in food stamps.
- Retric 8y agoJust Federal interest on debt in 2018 was $523,017,301,446.12 or 523 Billion. https://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm https://www.treasurydirect.gov/govt/reports/ir/ir_expense.ht... To get 230 Billion you must first ignore state and local debt a rather significant number, then ignore over half of Federal Interest. So, I am not sure where you’re getting that number from. Which gets back to my point, the way you do the calculation makes a huge difference in what the numbers look like. Only consider interest over the inflation rate and boom it suddenly looks vastly smaller.