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Yes these days all that public money gets spent on infrastructure, housing, welfare... Oh, wait
by i_love_retros 2y ago
Yes these days all that public money gets spent on infrastructure, housing, welfare... Oh, wait
- s1artibartfast 2y agoYou are right about welfare. Less on infrastructure and housing. in 2024, the US Fed collected 4.9 Trillion in taxes and spent 3.8 trillion (78% of revenue) on the following programs: Social security, Medicare, health, and income payments like disability. It also had 1.8 Trillion dollars of deficit spending, bringing the total to 6.7 trillion with welfare taking up (57% of total spending). The fed spent 0.9 trillion (13%) paying interest. Education and Infrastructure (e.g. transportation) are 3% and 2% of spending, respectively. https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder...