Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

70% Of U.S. Spending On Writing Checks To Individuals
Investor's Business Daily ^ | March 10, 2014 | John Merline

Posted on 03/10/2014 5:30:04 PM PDT by 2ndDivisionVet

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, 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.

ObamaCare, Medicare...

Where do these checks go? The biggest chunk, 38.6%, goes to pay health bills, either through Medicare, Medicaid or ObamaCare. A third goes out in the form of Social Security checks. Only 21% goes toward poverty programs — or "income security" as it's labeled in the budget — and a mere 5% ends up in the hands of veterans.

Interestingly, despite Obama's frequent pledges to reduce income inequality, the share of direct payments going toward "income security" has dropped from 25% in 2009 to 20% in 2014. (The average share from 1980 to 2008 was 25.4%.)

Obama's Fiscal Year 2015 budget calls for this share to drop to just 17% by 2019, as his programs devote more and more federal tax money to middle-class entitlement programs such as ObamaCare....

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: budget; economy; entitlements; marxism; obama; obamastash; payola; redistribution; welfare
Navigation: use the links below to view more comments.
first previous 1-2021-24 last
To: 2ndDivisionVet; All

The Taxed Enough Already Party is the first serious threat to the parasitic hold that Federal Professional Politicians in “both” political parties have on those of us who are Taxed Enough Already.

The Federal Professional Politicians in “both” political parties have been uniting to suppress us since November, 2010.

The Federal Democrats have been, and continue to, suppress us through the brute force of the IRS, DOJ, NSA, and other Gestapo-Style Federal Agencies that we are forced to finance.

The RINOs are suppressing us by their Public statements and critical cave-in votes to Democrats.

Thus, the Federal RINOs and Democrats have united against us.

Fair enough: BRING IT !

_______________________________

Both the RINOs and the Democrats have Professional Politicians who are dependent on their ability to control those of us who still pay Personal Federal Income Taxes, in order to continue to be on our payroll.

What better way to control us than to make us slaves to them who are the masters of us?

“Both” Political Parties in our current Communal Federal Government understand that the purpose of naming a Master/Slave Federal Government Program an “Entitlement” is to deceive the enslaved population into believing that becoming slaves to a Master is something to be desired, and thus reduce the probability of a slave rebellion.

The Master/Slave Entitlement of Obamacare is the most Communal of all of the Federal Government Master/Slave Entitlement Programs, because it can legally collect monies and/or property after death of the Entitled Slave, or from their surviving family members.

______________________________________

FORWARD, the RINOcare RINOS!

FORWARD, the Obamacare Democrats!!

FORWARD !


21 posted on 03/10/2014 7:01:25 PM PDT by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SunkenCiv

Well, everybody known that the budget ain’t balanced until debt equals GDP x GNP.


22 posted on 03/10/2014 7:04:52 PM PDT by Grimmy (equivocation is but the first step along the road to capitulation)
[ Post Reply | Private Reply | To 12 | View Replies]

To: 2ndDivisionVet
Where do these checks go?

$1 for whomever and $2 for obummer. $1 for whomever and $2 for obummer. $1 for whomever and $2 for obummer. $1 for whomever and $2 for obummer.

23 posted on 03/10/2014 7:20:42 PM PDT by bgill
[ Post Reply | Private Reply | To 1 | View Replies]

To: oblomov
I can’t wait for day when the machine will sputter, grind its gears, and collapse.

Smart people will find a way to survive and prosper, all others will perish.

The gene pool needs an enema.

24 posted on 03/10/2014 8:22:18 PM PDT by rllngrk33 (Things will continue getting worse until at least January 2017.)
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-24 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson