[JasonC]

Wrong, the assumption is that for every dollar actually spent on a currently unfunded liability, someone reveives that dollar. This is the definition of "spent".

[tacticalogic]

Wrong, the assumption is that for every dollar actually spent on a currently unfunded liability, someone reveives that dollar. This is the definition of "spent".

So all the fraud, waste, and bureaucratic overhead is still "someone receiving that dollar", even if it didn't go to any intended recipient?