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> Runaway Federal debt. The three largest line items in the US federal budget are: * Social Security * Medicare * Pentagon Of the three only the Pentagon i
by throw0101c 2y ago
> Runaway Federal debt.
The three largest line items in the US federal budget are:
* Social Security
* Medicare
* Pentagon
Of the three only the Pentagon is discretionary:
* https://taxpolicycenter.org/briefing-book/how-does-federal-government-spend-its-money https://taxpolicycenter.org/briefing-book/how-does-federal-g...
Which one(s) do you want to cut?
Further, after COVID's bump, US federal outlays/spending have generally been coming down to history averages (20% of GDP):
* https://fred.stlouisfed.org/series/FYONGDA188S https://fred.stlouisfed.org/series/FYONGDA188S
But deficits are growing:
* https://fred.stlouisfed.org/series/FYFSDFYGDP https://fred.stlouisfed.org/series/FYFSDFYGDP
The difference between the two trends means income is the problem.
Has the GOP tried not cutting taxes and then complaining about not having enough money?