IMMINENT THREAT: Foreign Borrowings Will Lead To The Destruction Of The US Financial System Janet Tavakoli, Tavakoli Structured Finance Oct. 30, 2011, 2:03 PM The United States is the largest debtor nation in the history of the world, and our borrowing is increasing. In 1950 spending for social programs was only one percent of the total Federal Budget. As the economy grew, social programs expanded to include Social Security, Medicare, Medicaid, Food Stamps, Unemployment Compensation, Supplemental Security for the Disabled, and educational programs. In 1983 as the United States pulled out of an ugly recession and brought inflation under control,...