Skip to comments.Americans Got $2 Trillion in Benefits from Federal Government in 2013
Posted on 08/04/2014 8:07:02 PM PDT by Olog-hai
The federal government paid $2,007,358,200,000 in benefits and entitlements in fiscal year 2013 from government programs, according to data from the Bureau of the Fiscal Services Monthly Treasury Statement.
The treasury statement summarizes the financial activities of the federal government, including data on government receipts, outlays, and surplus and deficit totals. The September 2013 monthly treasury statement calculates these metrics for the entire fiscal year of 2013, which began on October 1, 2012 and ended on September 30, 2013.
According to the statement, the federal governments total outlays, otherwise known as spending, for means-tested and non-means tested government programsnot including administrative expensestotaled $2,007,611,200,000 in fiscal year 2013.
(Excerpt) Read more at cnsnews.com ...
Obama’s stash money!
Documentation File on the 2014 Impeachment of B. Hussein Obama, aka Barry Soetoro a former Foreign Student from Indonesia, and still a legal Citizen of the Sovereign Nation of Indonesia.
What a wonderful, generous government!
Where did the federal government get that money?
Sorry to say, but my ~7 year hiatus from being neither a producer not a taker is to end (MediCare).
Borrowed about 40% of it. And we also used a printing press.
Hmm. I wonder how much of that actually went to Americans, and how much went to illegals.
How much were the administrative expenses I wonder.
And how much was the cost to society of having people sit around getting drunk, doing drugs and sponging off the taxpayers.
The Obama Administration is spending $2 trillion per year to destroy the American work ethic.
You know I have a little problem with the “got” in regards to programs that working Americans paid into like Social Security and Medicare, people paid into these programs with the promise of return on their investment, it’s not something for free and not their fault the government hijacked the money.
Actually about half of that.
Somebody paid into EBT, Section 8 and crap because they got paid too. People “paid into” every government program.
IOW, they've written IOUs and signed our names.
Considering that the US Government collects about $2.1 trillion in total taxes and excises, etc...
It means that these benefits consume nearly all of the total tax revenue
That also means that the rest of the functioning government - military, courts, NASA, Agriculture, national parks, etc...etc... are paid for nearly entirely by borrowed money!!
I bet not all were Americans.
What government giveth,...
In economic terms, the government expenditures multiplier is always one less than the private sector multiplier. Simply stated, this economy would be better served if the gov’t only provided those goods and services dictated by the Constitution, namely the provision of social overhead capital (e.g., transportation and communication infrastructure) and the policing of property rights (e.g., a standing military and a legal system). The reduced expenditures and taxes would see our economy thrive in the absence of all of the taxes and regulations that are currently strangling our economy.
government spending is a negative on the economy
US is Bankrupt: $89.5 Tril. in US Liabilities vs. $82 Tril. in Household Net Worth & Gap is Growing.
never underestimate the ability of people to rationalize their entitlement
One of our Founders pointed out the following:
‘The government cannot give to one American without first taking from another American’.
This truism should be reflected in both the headline and the content of the article. And this principle should be acknowledged in every political speech as well.
I have a friend who is not quite as astute as my FRiends here.
In response to my complaints of Federal overspending he said:
“The govt has a lot more money than they tell us about”
So, we have that going for us.
I haven't read the article, but I'm not sure I want to.
I'm sure they are lumping earned and paid for Social Security with the exploding number of SS permanent "disability" parasites which are in the process of bankrupting the once working Social Security System.
I can't stand reading once more the litany of Obamalies.
You forgot one critical detail, dishonestly so.
Increasingly, the "paid into" crowd pays two or three times, and the "gots" crowd never pay any money they have actually worked for!
That was Pastor Adrian Rogers who said that. Here’s his entire quote...
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that, my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.”
Here is the problem with your thinking on this:
“Programs that Americans paid into” are just taxes collected from them.
“Promise of a return on their investment” government is never an “investment”
“it’s not something for free” It is to people who get a check.
“the government hijacked the money” They spent the money - and then some. That’s what “investing” in government does.
“lumping earned and paid for Social Security”
That’s a good one. Tell us another knee-slapper!
“You forgot one critical detail, dishonestly so.”
I think you missed the posters sense of irony.
If you’re assigning “dishonesty” you should look to your government that has obviously convinced you that you were going to get “paid” and deserved it.
That’s how we end up writing $2T in checks every year.
Not only our names, the names of our children, grandchildren, great-grandchildren, etc.
Screw the grandkids, LET’S PARTY!
better than sending the money to Iraq
Of course, that is the dishonesty that is inherent in allowing the government to "invest" for you.
They got the headline wrong.
Americans Got $2 Trillion in Benefits from Other Americans in 2013
I hate these misstatements that continue to change people’s minds about how the money system works.
This is NOT the govenernment’s money. It belongs to taxpayers.
A better title should read “Government steals $2 trillion from taxpayers to pay transfer payments”.
I like the word transfer as it denotes what is actually happening.
The benefit to the progressive movement and Obama's socialist agenda for America is that when they rob Peter to pay Paul they gain control over both Peter and Paul.