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re: 50% Of YOUR Tax Dollars goes to Entitlements. This is unsustainable.
Posted on 5/8/22 at 11:32 pm to BigJake
Posted on 5/8/22 at 11:32 pm to BigJake
quote:
Yeah you’re gonna have to cite some evidence this is true. The military budget is 745 billion plus. I’m pretty sure you’re not right on this.
Transfer payments is what the federal government spends the most money on.
The federal government spent $2.87 trillion on transfers to individuals in 2017, accounting for 72.2 percent of federal spending.
As federal investments have declined as a percent of total outlays over the past five decades, federal transfers have risen at an even faster rate. Whereas transfers accounted for 28 percent of federal spending in 1962, they accounted for 72 percent of spending in 2017.
This post was edited on 5/8/22 at 11:41 pm
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