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"Federal Spending by the Numbers - 2012
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PJ O'D
Dec 19, 2012, 5:25:48 AM12/19/12
to
"Federal Spending by the Numbers - 2012
Introduction
The federal government has closed out its fourth straight year of
trillion-dollar-plus deficits, and the imperative to rein in spending
has never been greater. Because all government spending gets paid for
through either taxes or borrowing—both of which burden the economy—
spending reduction is an essential condition for promoting economic
growth...
...Federal entitlements are driving this spending growth, having
increased from less than half of total federal outlays just 20 years
ago to nearly 62 percent in 2012. Three major programs—Medicare,
Medicaid, and Social Security—dominate in size and growth....
...Other entitlements continue growing as well. Anti-poverty programs
have surged by 49 percent in just the past decade, even after
adjusting for inflation. Spending for food stamps alone has more than
tripled since 2002. Health programs, including Medicaid, have
increased by 38 percent, and housing assistance by 48 percent...
In 1962, defense spending was nearly half the total federal budget
(49
percent); Social Security and other mandatory programs were less than
one-third of the budget (31 percent). Two major entitlement programs,
Medicaid and Medicare, were signed into law by President Johnson in
1965.
In 2012 entitlements were nearly 62 percent of total spending, while
defense dropped to less than one-fifth (18.7 percent) of the
budget......"
Introduction
The federal government has closed out its fourth straight year of
trillion-dollar-plus deficits, and the imperative to rein in spending
has never been greater. Because all government spending gets paid for
through either taxes or borrowing—both of which burden the economy—
spending reduction is an essential condition for promoting economic
growth...
...Federal entitlements are driving this spending growth, having
increased from less than half of total federal outlays just 20 years
ago to nearly 62 percent in 2012. Three major programs—Medicare,
Medicaid, and Social Security—dominate in size and growth....
...Other entitlements continue growing as well. Anti-poverty programs
have surged by 49 percent in just the past decade, even after
adjusting for inflation. Spending for food stamps alone has more than
tripled since 2002. Health programs, including Medicaid, have
increased by 38 percent, and housing assistance by 48 percent...
In 1962, defense spending was nearly half the total federal budget
(49
percent); Social Security and other mandatory programs were less than
one-third of the budget (31 percent). Two major entitlement programs,
Medicaid and Medicare, were signed into law by President Johnson in
1965.
In 2012 entitlements were nearly 62 percent of total spending, while
defense dropped to less than one-fifth (18.7 percent) of the
budget......"
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jim
Dec 19, 2012, 7:32:04 AM12/19/12
to
PJ O'D wrote:
>
> "Federal Spending by the Numbers - 2012
>
> Introduction
>
> The federal government has closed out its fourth straight year of
> trillion-dollar-plus deficits, and the imperative to rein in spending
> has never been greater. Because all government spending gets paid for
> through either taxes or borrowing—both of which burden the economy—
> spending reduction is an essential condition for promoting economic
> growth...
>
That is a fact. Pretending doesn't change facts.
Laws were passed in 2011 that go into
effect Jan 2 2013. Those laws cut the deficit in half
by spending cuts and allowing tax cuts to expire.
That is being called a "fiscal cliff" because if
those laws go into effect it
will trigger a depression.
Cutting the deficit won't promote economic
growth. It will cause a depression.
Message has been deleted
ПеаБраин
Dec 19, 2012, 8:14:53 AM12/19/12
to
On Dec 19, 7:47 am, "simon calder"
>
> ..not in PODs world it won't...... but he doesn't really understand
> economics.....he cuts & pastes..
>
The creed of the Socialist/ DemocRAT: tax, tax, tax, spend,
spend,spend...until you run out of other people's money as we now see
in the collapse Euro/Soccialism throughout Old Europe.
And we should heed the advice of these collapsing Your-A-Peons?????
LOL!
<notlikeanythinglikeealaddr...@notnomoreadsalthere.fr> wrote:
..
>
> Eliminating them federal deficit will cause a depression.
> That is a fact. Pretending doesn't change facts.
****************************************
..
>
> Eliminating them federal deficit will cause a depression.
> That is a fact. Pretending doesn't change facts.
>
> ..not in PODs world it won't...... but he doesn't really understand
> economics.....he cuts & pastes..
>
The creed of the Socialist/ DemocRAT: tax, tax, tax, spend,
spend,spend...until you run out of other people's money as we now see
in the collapse Euro/Soccialism throughout Old Europe.
And we should heed the advice of these collapsing Your-A-Peons?????
LOL!
mg
Dec 19, 2012, 9:18:50 AM12/19/12
to
“Social Security has nothing to do with the deficit. Social Security
is totally funded by the payroll tax levied on employer and employee.”
“Social Security has nothing to do with balancing a budget or erasing
or lowering the deficit.”
Message has been deleted
Message has been deleted
ПеаБраин
Dec 19, 2012, 12:37:42 PM12/19/12
to
On Dec 19, 11:10 am, "simon calder"
<notlikeanythinglikeealaddr...@notnomoreadsalthere.fr> wrote:
...
> erm...the Euro in collapse...? don't think so.
der spiegel
9 Charts Show Why Eurozone Collapse Is Inevitable
http://www.spiegel.de/fotostrecke/graphics-gallery-the-euro-crisis-in-figures-fotostrecke-54629.html
<notlikeanythinglikeealaddr...@notnomoreadsalthere.fr> wrote:
...
>
> The creed of the Socialist/ DemocRAT: tax, tax, tax, spend,
> spend,spend...until you run out of other people's money as we now see
> in the collapse Euro/Soccialism throughout Old Europe.
.
> And we should heed the advice of these collapsing Your-A-Peons?????
**************************************
> The creed of the Socialist/ DemocRAT: tax, tax, tax, spend,
> spend,spend...until you run out of other people's money as we now see
> in the collapse Euro/Soccialism throughout Old Europe.
.
> And we should heed the advice of these collapsing Your-A-Peons?????
> erm...the Euro in collapse...? don't think so.
der spiegel
9 Charts Show Why Eurozone Collapse Is Inevitable
http://www.spiegel.de/fotostrecke/graphics-gallery-the-euro-crisis-in-figures-fotostrecke-54629.html
Bret Cahill
Dec 19, 2012, 12:39:53 PM12/19/12
to
> > Eliminating them federal deficit will cause a depression.
> > That is a fact. Pretending doesn't change facts.
>
> ****************************************
>
>
>
> > ..not in PODs world it won't...... but he doesn't really understand
> > economics.....he cuts & pastes..
>
> The creed of the Socialist/ DemocRAT: tax, tax, tax, spend,
> spend,spend...
What did you _think_ Art. I, Sec. 8 is all about?
> > That is a fact. Pretending doesn't change facts.
>
> ****************************************
>
>
>
> > ..not in PODs world it won't...... but he doesn't really understand
> > economics.....he cuts & pastes..
>
> The creed of the Socialist/ DemocRAT: tax, tax, tax, spend,
> spend,spend...
Bret Cahill
BeamMeUpScotty
Dec 19, 2012, 12:42:30 PM12/19/12
to
--
*Rumination*
#36 - Government doesn't create, it consumes what the people create.
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BeamMeUpScotty
Dec 19, 2012, 1:32:17 PM12/19/12
to
On 12/19/2012 12:49 PM, simon calder wrote:
> X-No-Archive:Yes
>
>
> "BeamMeUpScotty" <ThenDestro...@blackhole.nebulax.com> wrote in
> message news:50D1FC86...@blackhole.nebulax.com...
> all you merkins..
>
>
> clem
>
>
>
You have a Right to Lie Lie Lie because the constitution limits the
Federal government.
--
*Rumination*
#10 - Maturing and getting older are two different things as are
educated and Smart.
> X-No-Archive:Yes
>
>
> "BeamMeUpScotty" <ThenDestro...@blackhole.nebulax.com> wrote in
> message news:50D1FC86...@blackhole.nebulax.com...
>> On 12/19/2012 12:39 PM, Bret Cahill wrote:
>>>>> Eliminating them federal deficit will cause a depression.
>>>>> That is a fact. Pretending doesn't change facts.
>>>>
>>>> ****************************************
>>>>
>>>>
>>>>
>>>>> ..not in PODs world it won't...... but he doesn't really understand
>>>>> economics.....he cuts & pastes..
>>>>
>>>> The creed of the Socialist/ DemocRAT: tax, tax, tax, spend,
>>>> spend,spend...
>>>
>>> What did you _think_ Art. I, Sec. 8 is all about?
>>>
>>>
>>
>> Limit Limit Limit.... like most of the constitution.
>
>
> Equals recession after recession after recession........... good news for
>>>>> Eliminating them federal deficit will cause a depression.
>>>>> That is a fact. Pretending doesn't change facts.
>>>>
>>>> ****************************************
>>>>
>>>>
>>>>
>>>>> ..not in PODs world it won't...... but he doesn't really understand
>>>>> economics.....he cuts & pastes..
>>>>
>>>> The creed of the Socialist/ DemocRAT: tax, tax, tax, spend,
>>>> spend,spend...
>>>
>>> What did you _think_ Art. I, Sec. 8 is all about?
>>>
>>>
>>
>> Limit Limit Limit.... like most of the constitution.
>
>
> all you merkins..
>
>
> clem
>
>
>
You have a Right to Lie Lie Lie because the constitution limits the
Federal government.
--
*Rumination*
#10 - Maturing and getting older are two different things as are
educated and Smart.
Runge 667
Dec 19, 2012, 3:23:36 PM12/19/12
to
Kooky hater donovan
"PJ O'D" <gap...@gmail.com> a écrit dans le message de groupe de discussion
: 199c0ad8-6054-4940...@f8g2000yqa.googlegroups.com...
"PJ O'D" <gap...@gmail.com> a écrit dans le message de groupe de discussion
: 199c0ad8-6054-4940...@f8g2000yqa.googlegroups.com...
Poetic Justice
Dec 19, 2012, 11:40:55 PM12/19/12
to
An economist on national TV showed bar graphs for the average daily
spending (from memory-HHS, Medicare, SS, military, gov't operating
costs, etc) in Nov 2012 by the US government.
Rounding it out it was 11 billion dollars a day including 0.8+ billion
in interest payments.
The US government took in a revenue of 5 billion dollars a day for Nov
2012.
Assuming he's wrong and he threw his career under the bus on national
TV, what are the real numbers for spending vs revenue?
His are 120% and what would be a good % for spending money that you
don't have that you must borrow daily?
spending (from memory-HHS, Medicare, SS, military, gov't operating
costs, etc) in Nov 2012 by the US government.
Rounding it out it was 11 billion dollars a day including 0.8+ billion
in interest payments.
The US government took in a revenue of 5 billion dollars a day for Nov
2012.
Assuming he's wrong and he threw his career under the bus on national
TV, what are the real numbers for spending vs revenue?
His are 120% and what would be a good % for spending money that you
don't have that you must borrow daily?
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