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70% Of U.S. Spending On Writing Checks To Individuals
Investor's Business Daily ^ | March 10, 2014 | John Merline

Posted on 03/10/2014 5:30:04 PM PDT by 2ndDivisionVet

Buried deep in a section of President Obama's budget, released this week, is an eye-opening fact: This year, 70% of all the money the federal government spends will be in the form of direct payments to individuals, an all-time high.

In effect, the government has become primarily a massive money-transfer machine, taking $2.6 trillion from some and handing it back out to others. These government transfers now account for 15% of GDP, another all-time high. In 1991, direct payments accounted for less than half the budget and 10% of GDP.

What's more, the cost of these direct payments is exploding. Even after adjusting for inflation, they've shot up 29% under Obama.

ObamaCare, Medicare...

Where do these checks go? The biggest chunk, 38.6%, goes to pay health bills, either through Medicare, Medicaid or ObamaCare. A third goes out in the form of Social Security checks. Only 21% goes toward poverty programs — or "income security" as it's labeled in the budget — and a mere 5% ends up in the hands of veterans.

Interestingly, despite Obama's frequent pledges to reduce income inequality, the share of direct payments going toward "income security" has dropped from 25% in 2009 to 20% in 2014. (The average share from 1980 to 2008 was 25.4%.)

Obama's Fiscal Year 2015 budget calls for this share to drop to just 17% by 2019, as his programs devote more and more federal tax money to middle-class entitlement programs such as ObamaCare....

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: budget; economy; entitlements; marxism; obama; obamastash; payola; redistribution; welfare

1 posted on 03/10/2014 5:30:04 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

When it becomes 51% net receivers to 49% net payers, we will have reached the Venezuela end game.


2 posted on 03/10/2014 5:34:35 PM PDT by Vince Ferrer
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To: 2ndDivisionVet

That’s why I don’t think we can defeat the Dems in a POTUS election until the markets puke on US debt.

Crony capitalists to provide the campaign money.
Entitlement army to provide the votes.


3 posted on 03/10/2014 5:34:53 PM PDT by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: 2ndDivisionVet

bookmark


4 posted on 03/10/2014 5:35:10 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: 2ndDivisionVet

I can’t wait for day when the machine will sputter, grind its gears, and collapse.


5 posted on 03/10/2014 5:35:18 PM PDT by oblomov
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To: oblomov

Neither can I.


6 posted on 03/10/2014 5:39:35 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Vince Ferrer
When it becomes 51% net receivers to 49% net payers, we will have reached the Venezuela end game.

And time for Galt's Gulch.

7 posted on 03/10/2014 5:41:11 PM PDT by Steely Tom (How do you feel about robbing Peter's robot?)
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To: 2ndDivisionVet

That I’d where cuts should happen


8 posted on 03/10/2014 5:41:14 PM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: 2ndDivisionVet

And yet I hear over and over that Obama is a “failed president”, and that he “does not know what he’s doing”.

But he’s always said wealth redistribution is a goal worth striving for, and look what success he’s had!

And 0bamacare has not even gotten off the ground! Wait until then, and his Climate Change Initiative, then you’ll see some serious transfer!


9 posted on 03/10/2014 5:42:32 PM PDT by DBrow
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To: 2ndDivisionVet

Here’s something equally as disturbing. When Social Security began there were 144 employees putting money into the system for every individual receiving benefits. Today it’s one and half employees for each recipient and don’t forget the benefits per each person has increased exponentially since the system began.


10 posted on 03/10/2014 5:46:48 PM PDT by lbryce (Obama:The Worst is Yet To Come)
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To: 2ndDivisionVet
So your taxes are going up, but medical insurance is going to be free.

Eventually all of our paychecks will go directly to the great fathers in Washington, and they will provide for all of our needs.

Do you see where this is headed?

11 posted on 03/10/2014 5:48:59 PM PDT by oldbrowser (Civil service unions are the real government)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

> This year, 70% of all the money the federal government spends will be in the form of direct payments to individuals

You know what that means?!? It means the stimulus wasn’t big enough!!! /s

Thanks 2ndDivisionVet.


12 posted on 03/10/2014 5:49:41 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Vince Ferrer

We are already there. The average tax payer cannot pay enough taxes to support someone who is totally dependent on government handouts.


13 posted on 03/10/2014 5:55:43 PM PDT by doc
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To: oblomov

$17T in debt and growing. The machine is dead and on life support.


14 posted on 03/10/2014 6:02:49 PM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: 2ndDivisionVet

Taxes are money stolen at the point of a gun. It’s just that simple.


15 posted on 03/10/2014 6:10:07 PM PDT by dagogo redux
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To: 2ndDivisionVet

We are reaping what Lyndon Johnson sowed.


16 posted on 03/10/2014 6:15:57 PM PDT by MUDDOG
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To: 2ndDivisionVet

Of course, with the bureaucrats skimming off the top and living large.


17 posted on 03/10/2014 6:30:02 PM PDT by P.O.E. (Pray for America)
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To: 2ndDivisionVet

18 posted on 03/10/2014 6:35:43 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Travis McGee

I worked at two states’ unemployment offices for over 16 years, which is now a sort of welfare bureau. Try changing their Judge Mathis or Price Is Right on the TV and see what happens. Oh, and they drive a nicer car and have better clothes than the workers.


19 posted on 03/10/2014 6:40:54 PM PDT by 2ndDivisionVet (I will raise $2M for Sarah Palin's next run, what will you do?)
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To: SunkenCiv

Here’s a jaw dropper-
“... The President’s plan to eliminate the debt by 2012 remains on track. President Clinton’s budget proposes to reduce the debt held by the public by $2.9 trillion over the next decade and to eliminate it by 2012. The President’s debt reduction comes from saving the entire $2.3 trillion Social Security surplus, the entire $403 billion Medicare surplus, and $192 billion of the on-budget surplus for debt reduction.

Interest payments would be eliminated. Currently, we spend 12 cents of every Federal dollar on interest payment. These payments, which were once projected to grow to 25 percent of all federal spending in 2012, would be eliminated under the President’s plan by that time.”
http://clinton4.nara.gov/WH/new/html/Tue_Oct_3_113400_2000.html

Of course Clinton was lying, but it could have been done by an honest person. It was just a matter of following the 1983 deal Reagan worked out.


20 posted on 03/10/2014 6:43:50 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: 2ndDivisionVet; All

The Taxed Enough Already Party is the first serious threat to the parasitic hold that Federal Professional Politicians in “both” political parties have on those of us who are Taxed Enough Already.

The Federal Professional Politicians in “both” political parties have been uniting to suppress us since November, 2010.

The Federal Democrats have been, and continue to, suppress us through the brute force of the IRS, DOJ, NSA, and other Gestapo-Style Federal Agencies that we are forced to finance.

The RINOs are suppressing us by their Public statements and critical cave-in votes to Democrats.

Thus, the Federal RINOs and Democrats have united against us.

Fair enough: BRING IT !

_______________________________

Both the RINOs and the Democrats have Professional Politicians who are dependent on their ability to control those of us who still pay Personal Federal Income Taxes, in order to continue to be on our payroll.

What better way to control us than to make us slaves to them who are the masters of us?

“Both” Political Parties in our current Communal Federal Government understand that the purpose of naming a Master/Slave Federal Government Program an “Entitlement” is to deceive the enslaved population into believing that becoming slaves to a Master is something to be desired, and thus reduce the probability of a slave rebellion.

The Master/Slave Entitlement of Obamacare is the most Communal of all of the Federal Government Master/Slave Entitlement Programs, because it can legally collect monies and/or property after death of the Entitled Slave, or from their surviving family members.

______________________________________

FORWARD, the RINOcare RINOS!

FORWARD, the Obamacare Democrats!!

FORWARD !


21 posted on 03/10/2014 7:01:25 PM PDT by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: SunkenCiv

Well, everybody known that the budget ain’t balanced until debt equals GDP x GNP.


22 posted on 03/10/2014 7:04:52 PM PDT by Grimmy (equivocation is but the first step along the road to capitulation)
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To: 2ndDivisionVet
Where do these checks go?

$1 for whomever and $2 for obummer. $1 for whomever and $2 for obummer. $1 for whomever and $2 for obummer. $1 for whomever and $2 for obummer.

23 posted on 03/10/2014 7:20:42 PM PDT by bgill
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To: oblomov
I can’t wait for day when the machine will sputter, grind its gears, and collapse.

Smart people will find a way to survive and prosper, all others will perish.

The gene pool needs an enema.

24 posted on 03/10/2014 8:22:18 PM PDT by rllngrk33 (Things will continue getting worse until at least January 2017.)
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