3 ms·
>... but the bottom has no floor. That really doesn't represent reality. The majority of federal spending goes to transfer payments: >...The federal governme
by opo 6y ago
>... but the bottom has no floor.
That really doesn't represent reality.
The majority of federal spending goes to transfer payments:
>...The federal government spent $2.87 trillion on transfers to individuals in 2017, accounting for 72.2 percent of federal spending.
https://www.concordcoalition.org/issue-brief/troubling-trend-federal-investment-spending https://www.concordcoalition.org/issue-brief/troubling-trend...
One estimate is that about 22% of state government is spent on public welfare:
>...Another 22 percent of expenditures went toward public welfare. Public welfare includes spending on means-tested programs, such as Medicaid, Temporary Assistance for Needy Families, and Supplemental Security Income.
https://www.urban.org/policy-centers/cross-center-initiatives/state-and-local-finance-initiative/state-and-local-backgrounders/state-and-local-expenditures https://www.urban.org/policy-centers/cross-center-initiative...
The people of the US also give a great deal of money to charity:
>...The United States has been the most generous country in the world over the past decade.
>That’s the conclusion of the World Giving Index, a ranking that measured how likely residents of 128 countries were to practice acts of generosity.
https://www.marketwatch.com/story/the-us-is-the-most-generous-country-but-americans-say-debt-is-keeping-them-from-giving-more-to-charity-2019-10-18 https://www.marketwatch.com/story/the-us-is-the-most-generou...
>...Americans give around 3 percent of our collective income to charity — more than the citizens of any other country. Better yet, these are individual Americans, not the government, who are generating the lion’s share of the contributions.
https://www.thetimesherald.com/story/opinion/columnists/2017/12/08/americans-give-charity-country/108430012/ https://www.thetimesherald.com/story/opinion/columnists/2017...