Slashdot Mirror
70% of U.S. Government Spending Is Writing Checks To Individuals
An anonymous reader writes with this excerpt from Investor's Business Daily:"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." It's very hard to lay blame on only one part of the U.S. government, though; as the two largest parties are often fond of pointing out when it suits them, all spending bills originate in the House.
Goddammit, if the government is going to give money, it should be to corporations. Pah!
Why is this a problem? You've outlined some interesting results here, but what makes you think there's an issue here?
Because they are paying people, when they should be paying corporations!
I know several people who make up stories like this and post them anonymously on the Internet.
Time Socialism: a new evil for the right to rant about. It'll take their mind off birth certificates.
Table-ized A.I.
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Step 1: Steal Underpants.
Step 2: "bip-bam-boom!"
Step 3: Profit
if only we had all realised it was as easy as bip-bam-boom!, we'd all be underpants tycoons or illegal immigrant millionaires.
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thank you for your life-saving business plan advice.