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See my other comment. There is no way to get a scale of it since it is not audited. All we see is the public debt ballooning while infrastructure around us is d
by ak_111 3y ago
See my other comment. There is no way to get a scale of it since it is not audited. All we see is the public debt ballooning while infrastructure around us is decaying. Where is the money going?
- FredPret 3y agoBut we can look at the audited public filings of the defense contractors. And their numbers are really kind of reasonable.
- geeB 3y agoThe deficit since October is roughly the same as all defense expenditures: https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/ https://fiscaldata.treasury.gov/americas-finance-guide/natio... So even if they went to zero and didn’t have any effect on revenue, we’d still end up the year with debt ballooning. The lion share of expenditures are non-discretionary, and public debt increase is largely determined by demographics and interest rates.
- KptMarchewa 3y ago> There is no way to get a scale of it since it is not audited. Pretty boring talking point, since it's mostly audited - the various secret programs are very small in comparison to public ones. > Where is the money going? Giant majority goes to various social and medical programs, that only baloon from aging of society and prolonged lifespans without extending workspan. https://upload.wikimedia.org/wikipedia/commons/e/ea/2023_US_Federal_Budget_Infographic.png https://upload.wikimedia.org/wikipedia/commons/e/ea/2023_US_... So, in short - pensioners eat all the money.