"Federal Spending by the Numbers - 2012
 

"Federal Spending by the Numbers - 2012

Introduction

The federal government has closed out its fourth straight year of
trillion-dollar-plus deficits, and the imperative to rein in spending
has never been greater. Because all government spending gets paid for
through either taxes or borrowing—both of which burden the economy—
spending reduction is an essential condition for promoting economic
growth...

....Federal entitlements are driving this spending growth, having
increased from less than half of total federal outlays just 20 years
ago to nearly 62 percent in 2012. Three major programs—Medicare,
Medicaid, and Social Security—dominate in size and growth....

....Other entitlements continue growing as well. Anti-poverty programs
have surged by 49 percent in just the past decade, even after
adjusting for inflation. Spending for food stamps alone has more than
tripled since 2002. Health programs, including Medicaid, have
increased by 38 percent, and housing assistance by 48 percent...

In 1962, defense spending was nearly half the total federal budget
(49
percent); Social Security and other mandatory programs were less than
one-third of the budget (31 percent). Two major entitlement programs,
Medicaid and Medicare, were signed into law by President Johnson in
1965.

In 2012 entitlements were nearly 62 percent of total spending, while
defense dropped to less than one-fifth (18.7 percent) of the
budget......"

"Federal Spending by the Numbers - 2012
 

PJ O'D wrote:

"Federal Spending by the Numbers - 2012

Introduction

The federal government has closed out its fourth straight year of
trillion-dollar-plus deficits, and the imperative to rein in spending
has never been greater. Because all government spending gets paid for
through either taxes or borrowing—both of which burden the economy—
spending reduction is an essential condition for promoting economic
growth...


Eliminating them federal deficit will cause a depression.
That is a fact. Pretending doesn't change facts.

Laws were passed in 2011 that go into
effect Jan 2 2013. Those laws cut the deficit in half
by spending cuts and allowing tax cuts to expire.

That is being called a "fiscal cliff" because if
those laws go into effect it
will trigger a depression.

Cutting the deficit won't promote economic
growth. It will cause a depression.

"Federal Spending by the Numbers - 2012
 

On Dec 19, 3:25*am, "PJ O'D" wrote:
"Federal Spending by the Numbers - 2012

Introduction

The federal government has closed out its fourth straight year of
trillion-dollar-plus deficits, and the imperative to rein in spending
has never been greater. Because all government spending gets paid for
through either taxes or borrowing—both of which burden the economy—
spending reduction is an essential condition for promoting economic
growth...

...Federal entitlements are driving this spending growth, having
increased from less than half of total federal outlays just 20 years
ago to nearly 62 percent in 2012. Three major programs—Medicare,
Medicaid, and Social Security—dominate in size and growth....

...Other entitlements continue growing as well. Anti-poverty programs
have surged by 49 percent in just the past decade, even after
adjusting for inflation. Spending for food stamps alone has more than
tripled since 2002. Health programs, including Medicaid, have
increased by 38 percent, and housing assistance by 48 percent...

In 1962, defense spending was nearly half the total federal budget
(49
percent); Social Security and other mandatory programs were less than
one-third of the budget (31 percent). Two major entitlement programs,
Medicaid and Medicare, were signed into law by President Johnson in
1965.

In 2012 entitlements were nearly 62 percent of total spending, while
defense dropped to less than one-fifth (18.7 percent) of the
budget......"

Here are a couple of quotes (and a video) from Ronald Reagan:

“Social Security has nothing to do with the deficit. Social Security
is totally funded by the payroll tax levied on employer and employee.”

“Social Security has nothing to do with balancing a budget or erasing
or lowering the deficit.”

"Federal Spending by the Numbers - 2012
 

"Federal Spending by the Numbers - 2012

Introduction

The federal government has closed out its fourth straight year of
trillion-dollar-plus deficits, and the imperative to rein in spending
has never been greater. Because all government spending gets paid for
through either taxes or borrowing—both of which burden the economy—
spending reduction is an essential condition for promoting economic
growth...

Eliminating them federal deficit will cause a depression.
That is a fact. Pretending doesn't change facts.

Boehner knows this which is why he he is caving.

Laws were passed in 2011 that go into
effect Jan 2 2013. Those laws cut the deficit in half
by spending cuts and allowing tax cuts to expire.

That is being called a "fiscal cliff" because if
those laws go into effect it
will trigger a depression.

Cutting the deficit won't promote economic
growth. It will cause a depression.

And an even bigger deficit.

Austerity: free marketry w/o money.

Reaganomics: free marketry w/o free speech.

Teabagnomics: free marketry w/o free speech or money


Bret Cahill

"Federal Spending by the Numbers - 2012
 

Kooky hater donovan

"PJ O'D" a écrit dans le message de groupe de discussion
: ...
"Federal Spending by the Numbers - 2012

Introduction

The federal government has closed out its fourth straight year of
trillion-dollar-plus deficits, and the imperative to rein in spending
has never been greater. Because all government spending gets paid for
through either taxes or borrowing—both of which burden the economy—
spending reduction is an essential condition for promoting economic
growth...

...Federal entitlements are driving this spending growth, having
increased from less than half of total federal outlays just 20 years
ago to nearly 62 percent in 2012. Three major programs—Medicare,
Medicaid, and Social Security—dominate in size and growth....

...Other entitlements continue growing as well. Anti-poverty programs
have surged by 49 percent in just the past decade, even after
adjusting for inflation. Spending for food stamps alone has more than
tripled since 2002. Health programs, including Medicaid, have
increased by 38 percent, and housing assistance by 48 percent...

In 1962, defense spending was nearly half the total federal budget
(49
percent); Social Security and other mandatory programs were less than
one-third of the budget (31 percent). Two major entitlement programs,
Medicaid and Medicare, were signed into law by President Johnson in
1965.

In 2012 entitlements were nearly 62 percent of total spending, while
defense dropped to less than one-fifth (18.7 percent) of the
budget......"

"Federal Spending by the Numbers - 2012
 

An economist on national TV showed bar graphs for the average daily
spending (from memory-HHS, Medicare, SS, military, gov't operating
costs, etc) in Nov 2012 by the US government.

Rounding it out it was 11 billion dollars a day including 0.8+ billion
in interest payments.

The US government took in a revenue of 5 billion dollars a day for Nov
2012.

Assuming he's wrong and he threw his career under the bus on national
TV, what are the real numbers for spending vs revenue?
His are 120% and what would be a good % for spending money that you
don't have that you must borrow daily?