What The Government Spent Money On Last Quarter

Tyler Durden's picture




 

Those following the ever encroaching progression of the US welfare state will hardly be surprised by the latest data on US government spending broken down by the 11 largest outlays: spending on almost everything was down or unchanged in the first fiscal quarter of 2014 compared to a year ago except for healthcare and, of course, social security, which has finally caught up with the government's medicare and medicaid outlays. The good news: as a result of still low interest rates, and the Fed's check-kiting remittance of interest on monetized debt, Treasury outlays have tumbled to less than $100 billion in the quarter. This number will not stay this low for long.

Source: US Treasury

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Wed, 02/05/2014 - 12:26 | 4404223 mliu_01
mliu_01's picture

I am so safe now. Thanks God.

Maybe I should thank US government.

Wed, 02/05/2014 - 12:36 | 4404267 superflex
superflex's picture

Where are the jobs?

Wed, 02/05/2014 - 12:41 | 4404282 Mark Carney
Mark Carney's picture

Tyler if I may make a suggestion; remember when you had you're daily updates of CDS spreads back in 2011, can you do the same for tracking the daily currency devaluations for VEN, ARG, UKR, TUR, IND etc.

 

That would be awesome!

Wed, 02/05/2014 - 12:47 | 4404296 Handful of Dust
Handful of Dust's picture

Nothing spent on Thingamajigs?

Wed, 02/05/2014 - 12:58 | 4404313 NoDebt
NoDebt's picture

What's OPM spending?  Other People's Money?  I thought all that spending was Other People's Money already.

Wed, 02/05/2014 - 13:03 | 4404323 max2205
max2205's picture

This is all a lie....

Wed, 02/05/2014 - 14:41 | 4404639 Leopold B. Scotch
Leopold B. Scotch's picture

I would have thought toilet seats would be on there.  And hammers.

Wed, 02/05/2014 - 16:30 | 4405242 WarriorClass
WarriorClass's picture

CT Collectivist Gun Grabber Ruthlessly Skewered By Sipsey Street Irregulars:

http://americandictators.blogspot.com/2014/02/mike-vanderboeghs-2nd-lett...

Wed, 02/05/2014 - 13:15 | 4404351 codecode
codecode's picture

OPiuM

Wed, 02/05/2014 - 13:22 | 4404368 schoolsout
Wed, 02/05/2014 - 13:38 | 4404401 Sudden Debt
Sudden Debt's picture

that's right!
And you are "other people"

Wed, 02/05/2014 - 14:03 | 4404488 SamAdams
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Does this include the black budget, er...  I mean the money that just "disappeared"?

Wed, 02/05/2014 - 15:29 | 4404893 Van Halen
Van Halen's picture

You down with OPM?

Wed, 02/05/2014 - 13:44 | 4404416 CPL
CPL's picture

Plenty of jobs need doing, the majority of them are unpaid though.

Wed, 02/05/2014 - 14:42 | 4404641 foodstampbarry
foodstampbarry's picture

Barry lied, jobs died.

Wed, 02/05/2014 - 12:58 | 4404314 XAU XAG
XAU XAG's picture

What The Government Spent Money On Last Quarter

Should be

 

What the Government spent (you're) our TAX $$ on last quater

Wed, 02/05/2014 - 13:28 | 4404384 Woodyg
Woodyg's picture

Where the Fed's 85 billion a month - now 75 billion?
It's an absolute JOKE that Fed monetary policy is seen as seperate from the fed gov -

Heck Social Security should also be seperate - in fact SS has had it's funds STOLEN for 30 years now in order to enrich the monopolists/jackals/fascists buying off our gov to game the system and send the freaking decent jobs that actually pay taxes offshore.

The fact that Social Security is in the chart and the Fed shininagans aren't proves the absolute Capture of our political and economic system - unfortunately by fascist sociopaths.

Wed, 02/05/2014 - 18:23 | 4405754 mumbo_jumbo
mumbo_jumbo's picture

"Where the Fed's 85 billion a month"

you beat me to it woody!! that's was the very first thing i noticed as well, those pesky bankers sure have a funny way of hiding THEIR welfare!!! and i'm for one am getting sick of SS being called an entitlement, as if the ~$200K I've paid in so far (AND STILL COUNTING) isn't my mother fucking money that's owed me....i paid in at gun point so i want my money back.

Wed, 02/05/2014 - 18:33 | 4405786 Virage
Virage's picture

Do you even know how the Fed works?

The Fed is an independent agency, why would their purchases be on the government's books? 

 

http://www.federalreserve.gov/faqs/about_12799.htm

Wed, 02/05/2014 - 13:34 | 4404393 bob_stl
bob_stl's picture

Where's Interest on the National Debt? It's 127 Billion which would make it 4th on the list.

Wed, 02/05/2014 - 14:08 | 4404501 SamAdams
SamAdams's picture

Thanks to Obomba, the deficit has been cut in half.  Therefore, "what does it matter"?

Wed, 02/05/2014 - 14:36 | 4404617 Angelo Misterioso
Angelo Misterioso's picture

What The Government Spent Money On Last Quarter 

Should be

 

What the Government spent (you're) our TAX $$ on last quater

 

Even more truthiness::
your tax $$ and even more freshly printed fiat 

Wed, 02/05/2014 - 14:43 | 4404649 Leopold B. Scotch
Leopold B. Scotch's picture

Let's be real, now.  They don't just spend taxpayer money.  They've monetized $45 billion of spending each year, meaning if you're a dollar holder, you're being bent over, too!

Lube up!

Wed, 02/05/2014 - 13:24 | 4404378 The Dunce
The Dunce's picture

Now that we are a service economy, we might need government assistance.  Blue collar manufacturing has gone the way of the dodo bird.  Final analysis?  We're screwed.

Wed, 02/05/2014 - 14:10 | 4404512 SamAdams
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We were a service economy.  Not sure where this is heading.  Do we start back over at agricultural?  Don't see that happening since the triangle team bankrupted and GMO'd a monopoly.  I'm guessing we turn into a vigilante economy.  That would make more sense.

Wed, 02/05/2014 - 12:27 | 4404230 greatbeard
greatbeard's picture

How much of a deficit is social security running?  How much has social security added to the national debt?  How much has military spending added to the national debt? Feed the old, who paid for it, btw, or kill brown skinned civilians? 

Wed, 02/05/2014 - 13:59 | 4404464 Landrew
Landrew's picture

Social Secuity is now running a surplus again now that the rate is back to 2010 level. Remember how that extra 10$ in your pocket was going to create enormous job growth? 

Wed, 02/05/2014 - 15:33 | 4404906 Van Halen
Van Halen's picture

Remember when Nancy Pelosi said that passing Obamacare would create 400,000 jobs IMMEDIATELY ?

Wed, 02/05/2014 - 14:45 | 4404663 artless
artless's picture

@greatbeard

"Feed the old, who paid for it, btw, or kill brown skinned civilians? "

No they did not. Anyone "old" or about to retire will suck more out of the trough than they ever put in by miles. SO take that canard and shove it up the parasite Free Shit Army's ass who concocted this scheme that leaves my generation with a bankrupt, shit mess of a country even after the vast majority of these so-called great generations made out like bandits on their investments in various things that can be directly related to our age old tradition of slaughtering "brown-skinned civilians"

The fucking irony on that one is rather priceless when I read utter shit like your post.

Why must we choose as you seem to say? How about we do neither since neither endeavor is constitutional or moral?

As one folk singer said: contry'll grow.

Wed, 02/05/2014 - 18:00 | 4405676 greatbeard
greatbeard's picture

>> Anyone "old" or about to retire will suck more out of the trough than they ever put in by miles.

No basis in fact but spew on whiner.

>> Free Shit Army's ass

It ain't free if you paid for it, and I did.

>> leaves my generation with a bankrupt, shit mess of a country

What, besides whine, have you, or your genertion, done to change things?  Texting while driving doesn't count.

Wed, 02/05/2014 - 12:30 | 4404234 SgtSchultz
SgtSchultz's picture

Related lobbying expenditures per category would probably look about the same.

Wed, 02/05/2014 - 12:28 | 4404235 kralizec
kralizec's picture

I don't see cronies, hookers and blow.  WTF?!

Wed, 02/05/2014 - 12:33 | 4404251 SilverIsKing
SilverIsKing's picture

Those items are included in OPM...Other People's Money.

Wed, 02/05/2014 - 12:34 | 4404252 Smegley Wanxalot
Smegley Wanxalot's picture

Hookers are Labor ... Blow is Agriculture.

Cronies are HHS, Education, and Other Civil Defense ... combined.

Wed, 02/05/2014 - 13:17 | 4404357 ExpendableOne
ExpendableOne's picture

It's all right there in the expense report.  Find it...

Wed, 02/05/2014 - 12:28 | 4404237 SAT 800
SAT 800's picture

Lucky thing we can print "money". ??

Wed, 02/05/2014 - 12:33 | 4404259 Smegley Wanxalot
Smegley Wanxalot's picture

Treasury budget.  Toner is expensive.

Wed, 02/05/2014 - 12:29 | 4404240 youngman
youngman's picture

Where is the Obamacare software writing at..that has to be big...

Wed, 02/05/2014 - 12:31 | 4404241 Smegley Wanxalot
Smegley Wanxalot's picture

BS. Obama's vacations and golf games didn't make the list? 

Must be the $25 billion transportation expenditure.

Wed, 02/05/2014 - 12:32 | 4404246 One And Only
Wed, 02/05/2014 - 12:30 | 4404247 Temporalist
Temporalist's picture

If porn weren't free this chart would look much worse.

Wed, 02/05/2014 - 12:34 | 4404256 Temporalist
Temporalist's picture

And what is OPM?  Other People's Money?

That of course would be typically inefficient...spending Other People's Money to give back Other People's Money to Other People.

Wed, 02/05/2014 - 12:31 | 4404248 MuleRider
MuleRider's picture

You can simplify this by condensing into one broad category: the Free Shit Army. 

Wed, 02/05/2014 - 12:37 | 4404273 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Here is what some of what that DHHS money is being spent on.

http://www.ijreview.com/2014/02/112898-say-u-s-health-dept-just-spent-40...

The National Institutes of Health, a division of the U.S. Health Department, just spent $464,272 on a study to determine why gay men in Peru get syphilis. Syphilis is a serious problem in Peru, where “more than 20 percent of men who have sex with other men” have the disease:

...

The study, titled “Syphilis: Translating Technology to Understand a Neglected Epidemic,” is part of a larger project (aka more taxpayer money wasted) to research male sex workers in the South American country. Here are some other parts of the Health Department’s project:

  • A $160,920 grant to send motivational text messages to encourage gay men to get tested for HIV.
  • A $168,197 project examining how community “skills building” can help bisexual male sex workers who work for very low wages.
  • A $323,360 grant to give “partner therapy” to Peruvian male sex workers who have gonorrhea or chlamydia.
  • $272,160 toward public health interventions to reduce HIV.
  • $754,901 toward “partner notification strategies” for male sex workers.

...

 

Wed, 02/05/2014 - 13:15 | 4404355 401K of Dooom
401K of Dooom's picture

Hmmm, didn't they notice that this is another, sovereign country?  Could this be a Council on Foreign Relations program?

Wed, 02/05/2014 - 13:27 | 4404383 AGuy
AGuy's picture

"Here is what some of what that DHHS money is being spent on."

That only amounts to a few million dollars on a $220 Billion budget. Where is the rest of the 219.999,997,000 being spent?
I would gladly let the HHS spend a few million on ridiculous programs if they don't spend the 200+ Billion on whatever else the spend it on!

Wed, 02/05/2014 - 15:42 | 4404951 BooMushroom
BooMushroom's picture

Confucius says "if you watch the pennies, the dollars will watch themselves."

Wed, 02/05/2014 - 14:39 | 4404636 shovelhead
shovelhead's picture

Maybe Do Chen can expand into titanium sphincter re-sleeving and pick up some of that cash.

Wed, 02/05/2014 - 12:49 | 4404275 LawsofPhysics
LawsofPhysics's picture

So, the government spent the majority on "security" and defense. Well, that's odd, I have been doing the same thing.

What could possibly go wrong?

Wed, 02/05/2014 - 12:40 | 4404276 BandGap
BandGap's picture

"What are golf and Hawaiian vacations?" Alex.

I'll taken foreign born US presidents for $800, Alex.

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