Submitted by Taps Coogan on the 21st of May 2019 to The Sounding Line.
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Here is how the $4.599 trillion of government spending in fiscal year 2018 breaks down per household:
The federal government spent over $20,000 per household in the US on entitlement programs in 2018. The average poverty line for the average sized household (2.5 people) is roughly $19,120 (excluding Alaska and Hawaii). Theoretically, the federal government spent enough money on entitlement programs in 2018 that they could have instead written everyone a check large enough to bring every single household in the country above the poverty line and save some money in the process.
Obviously, the current system has not eliminated poverty. That is partly because a great deal of entitlement spending goes towards healthcare, but also because most of it goes towards people who are not necessarily poor (Social Security and Medicare are not means tested).
In 2018, the federal government spent over $7,000 per household on defense and the military, roughly $6,500 on the rest of the federal bureaucracy, and $2,559 on interest on the debt.
The federal government added $10,000 of debt for every household in the country last year.
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SS is not an entitlement
https://www.forbes.com/sites/ebauer/2018/11/05/yes-social-security-is-an-entitlement/#4dc96c8500da
I must refer to a marvelous take on the soaring national debt that was presented by James Grant on The Sounding Line last year. The ugly truth many people ignore is that entitlements have become the driving force that will carry the deficit higher and higher into nosebleed territory.
An under-reported and unnoticed report was issued shortly after that by the Office of Management and Budget reviewing and updating the U.S. federal budget. The report titled the “Mid-Session Review” painted a far bleaker forecast of the deficit than originally predicted. More on this subject in the article below. .
https://brucewilds.blogspot.com/2018/07/national-debt-exploding-is-fraud-cast.html