What does the federal government spend its money on?

The answer is a bit of surprise:  Opinion: What Does Government Do?.

Turns out, mostly on issuing checks to individuals, with more than half going out  as Social Security and Medicare payments. This shift to checks to select individuals is slated to increase rapidly over the next few years.

Compare that chart to the trend of transfer payments (payments issued without corresponding contemporary products or services delivered):

Another interesting observation in the budget is that today, the top 1% of taxpayers in the U.S. pay almost the same $ amount of taxes as the entire bottom 95% of taxpayers. Not quite what we were expecting.


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