Posted on 08/04/2014 8:07:02 PM PDT by Olog-hai
The federal government paid $2,007,358,200,000 in benefits and entitlements in fiscal year 2013 from government programs, according to data from the Bureau of the Fiscal Service’s Monthly Treasury Statement.
The treasury statement summarizes the financial activities of the federal government, including data on government receipts, outlays, and surplus and deficit totals. The September 2013 monthly treasury statement calculates these metrics for the entire fiscal year of 2013, which began on October 1, 2012 and ended on September 30, 2013.
According to the statement, the federal government’s total outlays, otherwise known as spending, for means-tested and non-means tested government programs—not including administrative expenses—totaled $2,007,611,200,000 in fiscal year 2013. …
(Excerpt) Read more at cnsnews.com ...
Obama’s stash money!
Documentation File on the 2014 Impeachment of B. Hussein Obama, aka Barry Soetoro a former Foreign Student from Indonesia, and still a legal Citizen of the Sovereign Nation of Indonesia.
What a wonderful, generous government!
Where did the federal government get that money?
Sorry to say, but my ~7 year hiatus from being neither a producer not a taker is to end (MediCare).
Borrowed about 40% of it. And we also used a printing press.
Hmm. I wonder how much of that actually went to Americans, and how much went to illegals.
How much were the administrative expenses I wonder.
And how much was the cost to society of having people sit around getting drunk, doing drugs and sponging off the taxpayers.
The Obama Administration is spending $2 trillion per year to destroy the American work ethic.
You know I have a little problem with the “got” in regards to programs that working Americans paid into like Social Security and Medicare, people paid into these programs with the promise of return on their investment, it’s not something for free and not their fault the government hijacked the money.
Actually about half of that.
Somebody paid into EBT, Section 8 and crap because they got paid too. People “paid into” every government program.
IOW, they've written IOUs and signed our names.
Considering that the US Government collects about $2.1 trillion in total taxes and excises, etc...
It means that these benefits consume nearly all of the total tax revenue
That also means that the rest of the functioning government - military, courts, NASA, Agriculture, national parks, etc...etc... are paid for nearly entirely by borrowed money!!
Yup.
I bet not all were Americans.
What government giveth,...
In economic terms, the government expenditures multiplier is always one less than the private sector multiplier. Simply stated, this economy would be better served if the gov’t only provided those goods and services dictated by the Constitution, namely the provision of social overhead capital (e.g., transportation and communication infrastructure) and the policing of property rights (e.g., a standing military and a legal system). The reduced expenditures and taxes would see our economy thrive in the absence of all of the taxes and regulations that are currently strangling our economy.
government spending is a negative on the economy
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