First, where are we spending our Federal dollars:
In 2011, we spent 3.603 trillion. Almost 70% of that amount was spent on Pensions, Healthcare and Defense. If you add in the amount spent on “Welfare,” the number jumps to 82%.
The deficit for 2011 was 1.3 trillion (1.299.6 to be precise).
Spending is out of control and the biggest offenders are pensions, healthcare, defense and welfare. Defense and Welfare expenditures have increased the most over the last four years.
We can keep taking money from the “rich,” but that won’t fix the spending problem.
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