Thursday, August 2, 2012

Think Socialism isnt here yet? Think again... and follow the money:


Follow the money trail.  The US spends 1,700 billion (1.7 trillion) annually now on socialist / welfare and general treasury money-moving type programs, about 500 billion on defense, and only about 500 billion on all other programs combined. 

Yes, more than 60% of what the Federal Government spends is on things NOT authorized by the US constitution.
By Tyler Durden

The following chart from today's TBAC presentation slidedeck should put to bed all debate of not only what the US government spends its money on (of which about half is generated through tax collection and half is borrowed primarily from either China or the Fed), but also what the trends in current year spending are compared to 2011. In summary: of the 4 biggest categories HHS (Medicare & Madicaid), Social Security or together Welfare, Treasury and Defense, Welfare is higher, Treasury is higher, and Defense is not only lower, but has lost to Treasury as the third biggest expense category year to date.

http://www.zerohedge.com/news/what-us-government-spends-it-money

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