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URL:  http://boards.fool.com/jlc-ltltltresize-the-military-budget-first-30383875.aspx

Subject:  Re: Little known facts Date:  11/15/2012  6:43 PM
Author:  JAFO31 Number:  655376 of 795045

JLC:


<<<resize the military budget first, then the others. but the sacred cow needs dehorning.>>>

"Resize welfare first."

Why?

http://www.cbpp.org/cms/index.cfm?fa=view&id=1258

For all federal spending:

Defense + - 20%

Social Security - 20% - but not paid for with federal income tax, paid by FICA tax.

Medicare, Medicaid, and CHIP - 21% - Medicare not paid for with federal income tax, paid for by FICA; Medicare is 2/3 of this total, so 7% for for Medicaid and CHIPS is welfare.

Safety Net Programs - 13% "Such programs keep millions of people out of poverty each year. A Center analysis shows that government safety net programs kept some 25 million people out of poverty in 2010. Without any government income assistance, either from safety net programs or other income supports like Social Security, the povert