DamianTV
03-11-2014, 05:33 PM
http://yro.slashdot.org/story/14/03/11/1948209/70-of-us-government-spending-is-writing-checks-to-individuals
"Buried deep in a section of President Obama's budget, released this week, is an eye-opening fact: This year, 70% of all the money the federal government spends will be in the form of direct payments to individuals (http://news.investors.com/031014-692704-us-government-payments-to-individuals-70-of-budget.htm), an all-time high. In effect, the government has become primarily a massive money-transfer machine, taking $2.6 trillion from some and handing it back out to others. These government transfers now account for 15% of GDP, another all-time high. In 1991, direct payments accounted for less than half the budget and 10% of GDP. What's more, the cost of these direct payments is exploding. Even after adjusting for inflation, they've shot up 29% under Obama."
It's very hard to lay blame on only one part of the U.S. government, though; as the two largest parties are often fond of pointing out when it suits them, all spending bills originate in the House (http://usgovinfo.about.com/od/federalbudgetprocess/a/budget_process.htm).
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Aah nothing says Freedom like the Redistribution of your Wealth, or lack thereof.
"Buried deep in a section of President Obama's budget, released this week, is an eye-opening fact: This year, 70% of all the money the federal government spends will be in the form of direct payments to individuals (http://news.investors.com/031014-692704-us-government-payments-to-individuals-70-of-budget.htm), an all-time high. In effect, the government has become primarily a massive money-transfer machine, taking $2.6 trillion from some and handing it back out to others. These government transfers now account for 15% of GDP, another all-time high. In 1991, direct payments accounted for less than half the budget and 10% of GDP. What's more, the cost of these direct payments is exploding. Even after adjusting for inflation, they've shot up 29% under Obama."
It's very hard to lay blame on only one part of the U.S. government, though; as the two largest parties are often fond of pointing out when it suits them, all spending bills originate in the House (http://usgovinfo.about.com/od/federalbudgetprocess/a/budget_process.htm).
(embedded links underlined)
Aah nothing says Freedom like the Redistribution of your Wealth, or lack thereof.