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What The US Government Spends Its Money On

Tyler Durden's picture




 

The following chart from today's TBAC presentation slidedeck should put to bed all debate of not only what the US government spends its money on (of which about half is generated through tax collection and half is borrowed primarily from either China or the Fed), but also what the trends in current year spending are compared to 2011. In summary: of the 4 biggest categories HHS (Medicare & Madicaid), Social Security or together Welfare, Treasury and Defense, Welfare is higher, Treasury is higher, and Defense is not only lower, but has lost to Treasury as the third biggest expense category year to date.

 

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Wed, 08/01/2012 - 13:49 | 2669411 pleseus
pleseus's picture

Sorry folks, America is a socialist country.

Wed, 08/01/2012 - 13:51 | 2669430 Bring the Gold
Bring the Gold's picture

Uh, once you count black budget stuff its almost completely military/intel/homeland security. Not that we don't waste money elsewhere in SPADES. This graph is like using JP Morgan's publicly available info i.e. worthless as so much is off the books.

Wed, 08/01/2012 - 13:57 | 2669464 Paul Atreides
Paul Atreides's picture

Relax, everything is okay, there is nothing to see here. Please remain calm, your government has your best interest at heart.

Wed, 08/01/2012 - 14:18 | 2669554 Precious
Precious's picture

Waterboards R US

Wed, 08/01/2012 - 14:47 | 2669754 Precious
Precious's picture

Dough machines.

Wed, 08/01/2012 - 15:05 | 2669818 economics9698
economics9698's picture

Congress ask, Fed prints, peasants get outbid for shit.  Any questions? 

Wed, 08/01/2012 - 15:15 | 2669860 AldousHuxley
AldousHuxley's picture

Priorities of obama administration:

  1. bail out wall st.
  2. bail out old auto industry
  3. subsidies for healthcare sector
  4. favors to chicago political support
  5. immunity for all rubinite financial terrorists
  6. ensure establishment that nothing changes
  7. re-election campaign

 

99% are not a priority. CFR doesn't consider anyone with income less than $500,000 a human being.

Wed, 08/01/2012 - 16:50 | 2670205 Lucky Guesst
Lucky Guesst's picture

8.  help friends who claim to be "green" get rich

Wed, 08/01/2012 - 14:58 | 2669793 ultraticum
ultraticum's picture

I thought CONgress was the main determinant of spending.

Wed, 08/01/2012 - 15:03 | 2669803 larz
larz's picture

yea ok btw pro is opposite of con so whats the opposite of progress??????

 

Wed, 08/01/2012 - 15:33 | 2669947 Harbanger
Harbanger's picture

Progressives

Wed, 08/01/2012 - 15:14 | 2669854 GeezerGeek
GeezerGeek's picture

It has long been my position that who controls Congress is at least as important as who controls the White House. The Rs controlled Congress budgets from 1996-2001 under Clinton and from 2002-2007 under Bush II. They also controlled the Senate during the first six years under Reagan, but the Ds controlled the House then, as they did for fiscal years 2008-2010. FY 2008 saw the huge leap in expenditures, due in no small part to Nancy Pelosi and Harry Reid.

One must also consider the carry-over effect from prior presidencies. Reagan and Tip O'Neill spent large sums to offset the Defense downsizing that happened under Carter. Clinton benefitted from the so-called 'peace dividend' that accompanied the end of the Cold War. Obama was handed a horrific deficit thanks to Bush II, Paulson, Pelosi and Reid. Having not passed a true budget in several years, it would have been hard to see spending levels increase very much under him.

Readers should be careful in assigning spending levels solely to presidents. None if this happens in a vacuum.

Wed, 08/01/2012 - 16:02 | 2670097 Harbanger
Harbanger's picture

Congress controls the purse, at least in theory.  That's why some of the big spenders were booted out in 2010.  It's not going to happen in 1 election cycle, but one by one they'll all be shown the door.

Wed, 08/01/2012 - 18:57 | 2670536 TWSceptic
TWSceptic's picture

That's graph is completely fabricated. Obama is one of the biggest spenders in history.

 

Read this http://www.washingtonpost.com/blogs/fact-checker/post/a-bogus-chart-on-o...

Wed, 08/01/2012 - 15:14 | 2669855 SilverRhino
SilverRhino's picture

The sad part .... all those fucks getting HHS and SSA dollars believe that.

Wed, 08/01/2012 - 15:31 | 2669942 Harbanger
Harbanger's picture

Robert Heinlein said, "Once the monkeys learn they can vote themselves bananas, they'll never climb another tree."

Wed, 08/01/2012 - 15:36 | 2669969 AnAnonymous
AnAnonymous's picture

Voting is a US citizen middle class thing...

Wed, 08/01/2012 - 16:26 | 2670156 AldousHuxley
AldousHuxley's picture

voting is a US citizen lower class thing...

 

poor blacks vote for democrats, poor white vote for republicans.

 

running in politicla office is a US citizen upper class thing as you need millions to run these days...

 

middle class works and pays taxes to support all

 

Wed, 08/01/2012 - 16:37 | 2670187 Harbanger
Harbanger's picture

The middle class is awake like never before and voting like never before. Informed citizens means the big state leftists are losing their decades long grip on the msm and it's disinformation.  You can spend millions trying to get elected but without grassroots middle class support you're not going to win.

Wed, 08/01/2012 - 16:47 | 2670206 AnAnonymous
AnAnonymous's picture

voting is a US citizen lower class thing...

poor blacks vote for democrats, poor white vote for republicans.
_______________________

No. Voting is a US citizen middle class thing. The US citizen middle class has been from the start the backbone of a US citizen society.

Disenfranchisement go hand in hand with poverty, the poorer, the less likely to vote.

Poors are also targeted by US citizen police, meaning felony and loss of civil rights.

The upper class has a high turnout rate but is less numerous and has to buy what they can not thanks to the voting box.

US citizen middle class forms the bulk of the voters and decide who is elected.

That is the way it is. Even though US citizen middle class that is slipping out of the state provided cocoon would like to invent that the middle class is not in control.

Nope, the middle class is in control and the resources to sustain it in its US citizen way of life are lacking.

Something that the upper class, no matter how dedicated to the middle class they are, can not make for.

Wed, 08/01/2012 - 17:15 | 2670268 MillionDollarBoner_
MillionDollarBoner_'s picture

Can you smell something?

Someone just stank the place up!

(Two down arrows? Methinks someone has more than one alias :O)

Wed, 08/01/2012 - 17:32 | 2670371 GCT
GCT's picture

Sorry anon but voting is an elderly thing.  Voting is a lower class thing.  The middle class will now be out to vote though.

Even though we vote and it ies a joke, hows the voting going in China these days.  Gotta love Anon talking about voting. 

This is one of those threads I almost spit my coffee on my monitor moment! Your remarks are killing me with humor.

Thu, 08/02/2012 - 03:34 | 2671288 AnAnonymous
AnAnonymous's picture

Voting is an elderly thing: ummm maybe, never check those data because well, elders can be middle class so what?

Voting is not a lower class thing. Data show that disenfranchisement goes up as poverty goes.

Best thing is that on this site, an article detailling who votes actually in the US was posted here:

http://www.zerohedge.com/news/who-actually-votes-america

In the middle of the info, there is that box ticking and showing the information.

You know, right now, in China, they do not have that a solid middle class, they have many people waiting for turning into middle class but resources are lacking to push up since the US citizen middle class is eating all the resources.

It may be wiser to wait for a middle class to be solidly established before implementing something that is middle class thing, you know, to introduce the required inertia with enough middle class going to the voting booth to further their own interests.

What is voting good without a middle class? Can you name one country without a middle class in which voting is any good?

Wed, 08/01/2012 - 13:56 | 2669467 malikai
malikai's picture

Tyler: please correct:

"What The US Government Spends Its Money On"

to

"What The US Government Spends Your Money On"

Kind regards,

Tax slaves

Wed, 08/01/2012 - 13:59 | 2669479 LawsofPhysics
LawsofPhysics's picture

Great post.  Take comfort in knowing that which cannot be sustained, won't.  Know the real value of your labor and assets?  You fucking better.

Wed, 08/01/2012 - 15:06 | 2669823 rosiescenario
rosiescenario's picture

" Know the real value of your labor and assets?"

 

...since I am paid in U.S. dollars I really have no idea what I am being paid, but it is probably more than I am worth....

Wed, 08/01/2012 - 15:11 | 2669843 Patriot Eke
Patriot Eke's picture

Without getting into the argument of what money is, shouldn't it instead be "future labor?"  It's all debt after all.

Wed, 08/01/2012 - 19:43 | 2670632 centerline
centerline's picture

Fear that the sorting process is inevitable and may be unsafe to our health despite our productive capabilites and best intentions.

Wed, 08/01/2012 - 14:20 | 2669569 withnmeans
withnmeans's picture

Just a question, will the new Bank Transaction Fee be put in place on Jan 1st 2013. "HR4646"  If this is put into action, will this just make people "CASH" their paycheck and start paying for everything in cash, and then there will be a larger black market action?

Wake up America, call your Congressman "woman", and Senator.... Stop this....

 

JUST ANOTHER TAX, like paying to put your luggage on the plane after you already paid for your ticket. One more way to SCREW YA.

Wed, 08/01/2012 - 14:30 | 2669647 CommunityStandard
CommunityStandard's picture

HR4646 was supposed to introduce a transaction tax to replace income tax, but the bill died in 2010.

http://www.govtrack.us/congress/bills/111/hr4646

Wed, 08/01/2012 - 14:45 | 2669747 withnmeans
withnmeans's picture

Thank you for bringing this to my attention "as may office people laugh for handing me this". I should of did my research homework on this "MYSELF". 

Wait a second "as I turn around and chew ass".

Wow, those bastards got me in the rumor mill now...

 

Carry on People, to the other more pressing issues at hand!

Wed, 08/01/2012 - 15:30 | 2669935 CalDre
CalDre's picture

Yeah, paying to put your luggage on the plane is like charging extra for fries!  F** you, McDonals, Burger King et al., fries are part of a burger!

Let's be honest:  the problem with baggage fees is that most (no?) air fare search engines allow you to specify the number of bags you will have and use that information when displaying the price.  But that is the fault of the search engines, not of the airlines.  Paying for what you consume is actually efficient.  I am currently in Europe and they actually charge you for each plastic bag you use at the grocery store.  OMG!  The horror!!  And this AFTER you already paid for your groceries!

Wed, 08/01/2012 - 13:57 | 2669473 Spider
Wed, 08/01/2012 - 15:06 | 2669822 Bring the Gold
Bring the Gold's picture

Exactly my point above and even those figures do not take into account the VAST black budgets for all manner of black ops and secret projects. Remember that 2 Trillion that Rumsfeld couldn't account for on 9/10/01...yeah...stuff like that. Nobody knows how big the budget is its all comparmentalized and in many cases uses its own funding sources. Drug money fuels much of it. The deeper you dig the darker it gets.

Wed, 08/01/2012 - 15:23 | 2669896 GeezerGeek
GeezerGeek's picture

Was all of that $2 trillion due to the Bush administration? They were just getting into Fiscal Year 2002, and FY 2001 was the last budget under Clinton. Or am I mistaken? Regardless, a pox on all their houses: Bush I, II, Clinton and Obama. And all the other Ds, Rs, and occassional Socialists.

I still like the explanation for black budgets put forth in the movie "Independence Day". It went something like this: "You don't think they really spend hundreds of dollars on individual hammers and toilet seats, do you?"

Wed, 08/01/2012 - 17:08 | 2670274 MillionDollarBoner_
MillionDollarBoner_'s picture

Rummy did account for it.

It was one of the "known unknowns" ;o)

Wed, 08/01/2012 - 14:23 | 2669568 Buckaroo Banzai
Buckaroo Banzai's picture

I'm quite confident that there is a huge black budget for the CIA and the military that is not reflected here. But note that said black budget would have to be 6x larger than the above-board Defense budget for it to be "almost completely military/intel/homeland security." I'd be surprised if it is as much as 1x.

It is funny, but people in this country just can't seem to grasp how much transfer payments have taken over the government's budget (I include interest payments as transfer payments, because that's what they are, they just go to rich people not poor people). THIS IS A GIGANTIC WELFARE STATE that happens to have a pretty big defense budget. NOT the other way around.

Wed, 08/01/2012 - 15:19 | 2669857 Bring the Gold
Bring the Gold's picture

Except we pay into Social Security for example to, you know, get a service when we are older. I get jack squat from the military except enraging people around the world which then causes blow back that kills Americans, which in turn costs us even more in military and intel etc. etc.

I also am not sure but just a cursory glance at that graph gives me about 1.2 trillion in the first two items and 500 million in the defense item. So unless you are including all the items to the right of the defense bill (btw the treasury thing is straight up theft so, I'm not really counting that) and even then your math seems off. As someone posted above the true defense budget WITHOUT hidden expenses is 1 Trillion which again is above board and very close to the first two items. You add in black budget stuff and I could easily see it being twice or three times that.

I grasp perfectly well the flaws of the welfare state and what an extraordinary amount of money we spend on it. Its hugely flawed, but its probably the only thing keep the country from descending into anarachy overnight.

The military and intel apparatus on the other hand pretty much just fucks everyone over all the time, INCLUDING ITS VETERANS (sans perhaps WWII vets those still alive). It also wastes our youth abroad, and brings home wrecked men in many cases. It also experiments on soldiers (I know guys who took experimental vaccines without any choice just for example). So even the supposed HEROS of our system are treated like garbage instead of being treated with honor and respect. I know soldiers respect and care for one another with honor, I'm talking about how the goverment treats THEM.

I'd rather some welfare mom can feed her kids (btw welfare is SUPER limited now post-Clinton reforms) than we blow up a wedding in Afghanistan to MAYBE kill one SUPSECTED terrorist who might just be a regular joe fighting against what he sees as foreign invaders occupying his homeland and killing his relatives. But I know ZH'ers please tell me how welfare is the evil and millitary/intel complex is just grand.

The difference between you and I is that I see a flawed welfare state that is at least helping some people on the margins and I see a military/intel complex that is causing suffering on a GRAND SCALE worldwide.

The truth is we will never know how much money goes into military/intel etc. Who knows what funding mechanisms they have that we don't know about. The little we learned from things like the Church hearings almost 40 years ago shows us that things are far, far darker than most can possibly imagine.

Wed, 08/01/2012 - 15:49 | 2670037 blunderdog
blunderdog's picture

Social Security is just a tax paid predominantly by the lower-earners to pay welfare to old folks.  Don't make it sound like a savings plan--it's not, and it never was.

Wed, 08/01/2012 - 17:59 | 2670434 NidStyles
NidStyles's picture

You're on the wrong site. Anarchy is a preferrable situation, and it is because you are miscontruing what Anarchy actually means.

Wed, 08/01/2012 - 14:52 | 2669775 GeorgeHayduke
GeorgeHayduke's picture

Excellent point. Plus, expenses for all of the nukes are in the Energy Dept.'s budget.

This "capitalist" society has been subsidized for decades and it's finally catching up to us. For all the bitching and moaning about socialism it's a pretty good bet that standards of living and a culture based on consumption would have fared much worse without the government inputs.

This whole system has been built upon so many myths and unsustainable inputs that it has no option but to collapse. What we learn and then create in its aftermath is where the challenge lies in ADD, depressed, instant gratification society. I'm not holding out a lot of hope for it to be better, but it might.

Wed, 08/01/2012 - 15:36 | 2669966 cossack55
cossack55's picture

Using your take, Plesus should have said "sorry folks, we are a National-Socialist country.

Wed, 08/01/2012 - 16:15 | 2670127 Disenchanted
Disenchanted's picture

Yeah what about those black budgets/projects?

 

This is an old Wired article on that subject:

Exposing the Black Budget

 

Anyone think the situation has improved since? To me "Black Budget" = Taxpayer funds disappearing into undeserving pockets...aka bribes, kickbacks, etc., etc..

Wed, 08/01/2012 - 18:40 | 2670524 TWSceptic
TWSceptic's picture

What are you talking about, defense is at 15% of total budget, the lowest in the entire history of the country. It's still too high, but that's only because other spending is so high. In relative terms, it's lower than ever.

Wed, 08/01/2012 - 13:53 | 2669447 pragmatic hobo
pragmatic hobo's picture

yup, socialism for the rich.

Wed, 08/01/2012 - 14:25 | 2669600 Buckaroo Banzai
Buckaroo Banzai's picture

Take a look at the charts again. There is PLENTY of socialism for the poor as well.

Wed, 08/01/2012 - 16:51 | 2670217 AnAnonymous
AnAnonymous's picture

No.

US citizens run a business of extorting the weak, farming the poor.

The help provided to the poor is part of the scheme: it provides middle class jobs,and helps the middle class first.

Poors are just forcefed in consumption acts in order to increase the prosperity of the middle class.

This is how US citizenism works.

Wed, 08/01/2012 - 18:27 | 2670491 akak
akak's picture

 

Poors are just forcefed in consumption acts in order to increase the prosperity of the middle class.

Maybe no yes, much many poors are do take the forcefeeding with having smiles on his faces such as millions of Chinese slave laborers after making the shitting on China roadsides, consumption acts notwithstanding all of it, even the crustiest bit.

The very mettle of Chinese Citizenism is the consumption acts, offuscation, obscurationalizings and blobbing-up. 

The throating of ideas of you are weak, much weak as Chinese commie troll-bots on Long March of insanitation and time-traveling Easter Island revisionism.  Stop now with you monolizing of the speeching means.  Make me laugh!

Wed, 08/01/2012 - 18:59 | 2670556 TheFourthStooge-ing
TheFourthStooge-ing's picture

ROR!

You speeched a mouthingsful of wordings heartily.

Wed, 08/01/2012 - 19:57 | 2670658 nmewn
nmewn's picture

AnAnus blobs up...

"Poors are just forcefed in consumption acts in order to increase the prosperity of the middle class.

This is how US citizenism works."

Back on the pipe again? Here is poor & middle class Chinese...

"Heavy downpours that have continued for several days have resulted in the destruction of at least a thousand houses, forcing nearly 450,000 people to leave their homes. According to the authorities, the damage to the economy is estimated at around $ 20 million.

http://english.ruvr.ru/2012_06_25/79181370/

Think about that a sec...just because it rained hard, you get the destruction of a "thousand homes", 450,000 homeless and only twenty million bucks?

Just between me and you...is this how the Chinese central planners figured out how to get the "poor & middle class" toilets flushed?...just wait for the rainy season to wash away the shit from the side of the road?

Wed, 08/01/2012 - 21:54 | 2670908 TheFourthStooge-ing
TheFourthStooge-ing's picture

nmewn asked:

Just between me and you...is this how the Chinese central planners figured out how to get the "poor & middle class" toilets flushed?...just wait for the rainy season to wash away the shit from the side of the road?

Ah, ah, forthcoming not the answered revealings becoming applied vigourously.

Ancient Chinese Secret®

Wed, 08/01/2012 - 16:49 | 2670211 AnAnonymous
AnAnonymous's picture

Socialism for the rich does not exist. It is another US citizen fabrication.

Socialism is strictly defined by a top to bottom redistribution scheme.

When it is reversed, it is no longer socialism.

But hey, US citizenism is as US citizen does.

Wed, 08/01/2012 - 17:11 | 2670286 MillionDollarBoner_
MillionDollarBoner_'s picture

Ooowwww!

There's that smell again!

Wed, 08/01/2012 - 19:07 | 2670568 TheFourthStooge-ing
TheFourthStooge-ing's picture

MillionDollarBoner_ said:

Ooowwww!

There's that smell again!

Indeedingsly the muchmuch. Stenchness of roadside excretorializing being affront to olfactory known as Chinese citizenism new world odor.

Wed, 08/01/2012 - 20:29 | 2670743 akak
akak's picture

Chinese Citizenism new world odor in point of fact presenting no affronterizings to Chinese Citizenism olfactorializingationalism, as aroma of human roadside nightsoil is part and package of ancient Chinese Citizenism, the doglike roadside excretorializings of their citizens being part of their eternal nature.

Wed, 08/01/2012 - 22:21 | 2670974 TheFourthStooge-ing
TheFourthStooge-ing's picture

Ah, very much the wisely exhibiting arcane knowledge learned you diligently. Archaeological discoveringness of ancient Chinese Citizenism stoolagmite remains along side of Silk Road provide supporting evidence cantilevered.

Wed, 08/01/2012 - 18:50 | 2670540 akak
akak's picture

Flush toilets for the average Chinese worker drone do not exist. It is another Chinese Citizenism fabrication.

Chinese Citizenism is strictly defined by a top (mouth) to bottom (anus) roadside redistribution scheme.

When it is reversed, it is no longer Chinese Citizenism --- merely Chinese nightsoil-fertilized agriculture.

But hey, Chinese Citizenism is as Chinese roadside shitting does.

Wed, 08/01/2012 - 19:17 | 2670579 TheFourthStooge-ing
TheFourthStooge-ing's picture

akak duly noted:

Chinese Citizenism is strictly defined by a top (mouth) to bottom (anus) roadside redistribution scheme.

Typically, as these nefarious acts of deviltry are carried out with the algebraic precision of advanced coconuttery, there is a remarkably consistent correlation with roadside stoolagmite stinkfingerism. This cannot be mere coincidence.

Wed, 08/01/2012 - 19:27 | 2670595 akak
akak's picture

Your throating of the idea is indeed very much something.

Coincidences under Chinese Citizenism are nothing of the sort, all being the result of advanced time-traveling rickshaw historical revisionism of US Easter Island citizen design, by which every bad or unpleasant smidgen of historical fact is blamed on collectivist fantasies such as the nonexistent "US Citizenism" which are merely the result of acts of Middle Kingdom intellectually constipated roadside squatting .

Wed, 08/01/2012 - 18:40 | 2670525 TWSceptic
TWSceptic's picture

No, for the poor too. Do food stamps ring a bell? Only the middle class is fucked.

Wed, 08/01/2012 - 13:57 | 2669470 Cognitive Dissonance
Cognitive Dissonance's picture

Ummmm.........Houston, we have a problem.

Wed, 08/01/2012 - 13:57 | 2669472 Patriot Eke
Patriot Eke's picture

Multi-national corporations are the ones looting us, so I wouldn't call it socialist.  Try another more appropriate term.

Wed, 08/01/2012 - 13:59 | 2669485 LawsofPhysics
LawsofPhysics's picture

"Sorry folks, America is a fascist country." - FIXED

Wed, 08/01/2012 - 14:05 | 2669505 Patriot Eke
Patriot Eke's picture

Yes, thank you.  There's that more appropriate term!

Wed, 08/01/2012 - 14:09 | 2669525 Central Bankster
Central Bankster's picture

Fascism is the correct technical term, though socialism has become the laymans term.

Wed, 08/01/2012 - 14:14 | 2669546 LawsofPhysics
LawsofPhysics's picture

That's intentional, TPTB must keep the left/right paradign going.  It is essential to maintaining power and control.  that is what this is all about anyway.

Wed, 08/01/2012 - 14:27 | 2669622 Buckaroo Banzai
Buckaroo Banzai's picture

"National Socialism" is a better, more technical label. "Fascism" is freighted with emotional baggage from the 20s/30s/40s, and consequently tends to confuse.

Wed, 08/01/2012 - 14:45 | 2669746 Tijuana Donkey Show
Tijuana Donkey Show's picture

Nope, it's a payoff to keep the plebs calm. The defence complex runs the show, and the SNAP benefits are cheaper than locking down the US of A. Some of those people want jobs, but the economy is screwed.

Wed, 08/01/2012 - 15:05 | 2669812 Patriot Eke
Patriot Eke's picture

Regardless of what we want to call it, an oligarchy is looting us through debt from unsustainable spending.  That oligarchy does't give a damn if the debt is created for social welfare or for warfare either.  They get their payments regardless.

Thu, 08/02/2012 - 00:00 | 2671133 StychoKiller
StychoKiller's picture

Let's just call it "Progressive Garbagism"

Wed, 08/01/2012 - 14:27 | 2669620 dugorama
dugorama's picture

though philosophically one is from the left and claims to be for everyman and one from the extreme right and only claims to be good for the state

Wed, 08/01/2012 - 14:29 | 2669642 ChanceIs
ChanceIs's picture

Hey.  Try National Socialism.....NaSi....NAZI.

Hey!!!!  We are building the peoples' cars (Volkswagens) aka Chevy Volts.  We are building the peoples' highways (autobahns) aka shovel ready infrastructure stimulation.

You want guns or butter?  What's not to like.

A cheery Seig Heil to you Good Sir.

Wed, 08/01/2012 - 15:39 | 2669985 GeezerGeek
GeezerGeek's picture

That 'guns and butter' thing is so 1960s. We need a more politically correct phrase for the current millenium. The big-government types oppose 'guns and butter' for the bulk of Americans. Guns must be controlled, if not removed from the hands of average people. Butter is bad for you, so its consumption must be discouraged if not suppressed. TPTB think they know what's good for us.

Wed, 08/01/2012 - 15:48 | 2670025 AnAnonymous
AnAnonymous's picture

"Sorry folks, America is a fascist country." - FIXED
____________________

'America' is an 'American' country.

Neither fascism, communism, nazism or what off, only 'Americanism'

Wed, 08/01/2012 - 17:13 | 2670294 MillionDollarBoner_
MillionDollarBoner_'s picture

<Pong!>

Wheeew!!!

Wed, 08/01/2012 - 19:21 | 2670590 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

<Pong!>

Wheeew!!!

Yeah, AnAnonymous has been experiencing a bit of uncontrollable citizenism today, to the point where is is running down his leg.

I think he needs a few tablespoons of Maopectate.

Wed, 08/01/2012 - 19:32 | 2670603 akak
akak's picture

"Maopectate"! ROR!!!!!!

 

To paraphrase a famous quote from The Petite Crimson Publication: "All powerful fecal deposits flow from the barrel of a Chinese Citizenism rectum."

Wed, 08/01/2012 - 22:31 | 2670991 TheFourthStooge-ing
TheFourthStooge-ing's picture

Also another wisdomry throating of mind from the Mao booking of small redness:

Mao squat down,
outside of town.
Mao dropped brown.
Mao turn around.
Mao see dung.

Wed, 08/01/2012 - 18:10 | 2670452 akak
akak's picture

 

'America' is an 'American' country.

You, 'sir', are 'profundity' incarnate.

 

PS: You forgot to mention your trademark "US Citizenism" even once in your last post. 
To the People's Liberation (sic) Re-education Camp with you!

Wed, 08/01/2012 - 19:24 | 2670593 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

PS: You forgot to mention your trademark "US Citizenism" even once in your last post.

He's been having explosive bouts of citizenism today, almost like an open pipe.

I think the poor little feller may have shat himself dry.

Wed, 08/01/2012 - 14:39 | 2669717 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

America Socialist? yeah if you think payments to banks, military contractors and the 1% count as Socialism. Those payments are way larger than any payments to actual people, workers, serfs etc.

I mean look at the chart: there isn't even the letter "T" on it (as in Trillion). Latest count is that bank bondholders got $14 *T*rillion in giveaways. SocSec is chump change compared to that.

Sorry if this destroys your "socialism" narrative. Yeah we got socialism all right...

Wed, 08/01/2012 - 14:52 | 2669765 Rat Patrol
Rat Patrol's picture

So, in what socialist, fascist or communist run country were the elites poor? I'll wait.

 

And in which of them did the middle class live as well as the western countries? Until socialism bankrupted them, of course.

 

Commies are stupid.

 

Wed, 08/01/2012 - 15:05 | 2669817 blunderdog
blunderdog's picture

Since you ask...

The Soviet Politburo was "poor" by American standards throughout the Cold War period, although they had it far better than the rest of their countrymen.  Things like plentiful hot water and a personal driver were enormous luxuries, but they aren't exactly signifiers of "great wealth." 

The Russian people did live fairly comfortably under Khrushchev, although nothing like the USians did during that period. 

I know it doesn't quite jibe up with the USian propaganda reportage, but the best way to find out is to ask the folks who used to live there.

Studying history is stupid, right?

Wed, 08/01/2012 - 15:12 | 2669849 Rat Patrol
Rat Patrol's picture

The people who used to live there didn't seem to like it much.

 

If Russian peasants, who glory in their ability to suffer, think the system sucks, you can't even imagine the suckage of their reality. I remember seeing lines that were blocks long in Moscow, not even in Siberia, because ther was a rumor that the state store might be getting a shipment of second rate meat in. I also remember half of the crops going to waste from being mis-handled or simply falling through the holes in rusted out train cars.

 

Living in the west, and being a commie, is he definition of moronic useful idiot.

Wed, 08/01/2012 - 15:20 | 2669884 blunderdog
blunderdog's picture

The USian peasants think *this* system sucks, too.  Does that make them commies in your mind?

Wed, 08/01/2012 - 15:26 | 2669919 Rat Patrol
Rat Patrol's picture

No they don't. The average prole has never had it so good.

It is the working middle class that is taking it from both ends.

Wed, 08/01/2012 - 15:32 | 2669946 blunderdog
blunderdog's picture

You are completely full of shit, sir.  Dunno where you live, but I happen to be surrounded by your "proles," and for the most part, they're fucking pissed.

Wed, 08/01/2012 - 15:36 | 2669968 Rat Patrol
Rat Patrol's picture

Why? They've won.

 

Are they pissed because they only have one cell phone and one plasma TV?

Wed, 08/01/2012 - 17:59 | 2670433 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

OK: Sweden, Norway, Denmark, Finland, Netherlands etc the elites are quite "poor" as compared to the USSA. They all happen to be higher productivity societies than the US; with health care, education, and retirement provided for.

Instead in the US we ship the "socialist" monies to the top 1%, and they ship it to the Caymans, just like Willard.

Here's my point: if we're gonna have socialism, let's have the kind where the serfs get some of the dough, not just the top 1%.

Wed, 08/01/2012 - 17:02 | 2670256 MillionDollarBoner_
MillionDollarBoner_'s picture

OPM is up.

Is that the ticker for Hopium?

Wed, 08/01/2012 - 13:49 | 2669412 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

By defence, you mean offence?

Wed, 08/01/2012 - 13:54 | 2669459 Dr. Richard Head
Dr. Richard Head's picture

Indeed.  Alos, keep in mind that this graph from the Treasury is missing one key piece of information - off-budget war spending.  Putting SS, Medicare, Medicaid in the top spot gives credence to a nice war between the people over who is sucking the Uncle Sam teat the most and places it on the elderly and poor. 

We wouldn't want the unity of the people to converge against the biggest financial burden on the US citizen's now would we?

Wed, 08/01/2012 - 14:36 | 2669679 Bob
Bob's picture

Not to mention the inconvenient fact that SSA "outlays" were prepaid by the recipient pool.  "Outlays" . . . what a scam term. 

Wed, 08/01/2012 - 14:48 | 2669758 LawsofPhysics
LawsofPhysics's picture

correct, last time I checked, you didn't have to pay for an "entitlement".  Stop taking it out of my check if you want to call it an "entitlement".

Stupid fucking sheep.

Wed, 08/01/2012 - 15:00 | 2669798 Rat Patrol
Rat Patrol's picture

No they weren't. It was designed as a ponzi scheme that didn't account for the population dip that comes from on demand abortion. How the fix is unlimited influx of unskilled labor with zero loyalty to the nation, I can't imagine.

Yeah, the lockbox wa a big f'n lie, but it was doomed anyway.

 

SS recipients draw way more than they contributed. That is what ObamaCare is designed to fix. When the death panel seals your doom, take it with honor. You voted for it.

Wed, 08/01/2012 - 15:11 | 2669847 rosiescenario
rosiescenario's picture

I don't know about that....I have paid in over a a 45 year period far more than I am ever going to get back....and that is just figuring cash on cash....no allowance for inflation or for opportunity cost.

Wed, 08/01/2012 - 15:13 | 2669848 Bob
Bob's picture

At present, and for years into the future (which is irrelevant to the present discussion), this is nothing more than Treasury covering loans it took from the SSTF. 

Pretending this is welfare rather than money owed on real money borrowed is absurd.

But it's a big lie popular with the deadbeat finance crowd who clearly believe that if they can successfully mischaracterize it they won't have to pay their debt. 

Wed, 08/01/2012 - 15:15 | 2669861 Rat Patrol
Rat Patrol's picture

It ain't welfare. It is proof that government can't run anything well.

 

Now they are gonna run everything.

 

How is that a sane option?

Wed, 08/01/2012 - 15:55 | 2670064 GeezerGeek
GeezerGeek's picture

As a recent SS recipient, it will take about twelve years for me to get what I "contributed", if that includes what my employers "contributed". That of course excludes the loss in purchasing power over the years and neglects how much I would have had the money been put into secure investments such as bank CDs. Now I have to live long enough to break even, have to worry about the death panels you mentioned, have to worry about SS being scaled back, have to worry about cutbacks in Medicare, and on and on. 

And no, I didn't vote for it, any of it. Unfortunately, I was usually with the minority when the votes were counted.

Wed, 08/01/2012 - 17:18 | 2670306 MillionDollarBoner_
MillionDollarBoner_'s picture

"Wwho wants Free Stuff!?"

Wed, 08/01/2012 - 17:20 | 2670317 AnAnonymous
AnAnonymous's picture

The US citizen middle class. They are used to having free stuff distributed to them by their government, included a continent...

Wed, 08/01/2012 - 18:16 | 2670475 akak
akak's picture

Unlike in China, of course, where it was the upper (ruling) class that was in charge of invading, occupying, annexing and blobbing-up Tibet, and displacing and genociding the Tibetan subhuman "foreign devils".

Chinese Citizenism hypocrisy: Make me laugh!

Wed, 08/01/2012 - 14:06 | 2669510 mckee
mckee's picture

When you defence do the cows get away?

Wed, 08/01/2012 - 14:11 | 2669531 pods
pods's picture

No, but you do lose the excuse "I was just trying to help that sheep over de fence.  Honest."

pods

Wed, 08/01/2012 - 13:49 | 2669413 WALLST8MY8BALL
WALLST8MY8BALL's picture

I was thinking that Streaming Internet Porn would be on that list.....

Wed, 08/01/2012 - 13:51 | 2669428 ReeferMac
ReeferMac's picture

SEC's budget is not a line-item....

Wed, 08/01/2012 - 13:52 | 2669415 Ralph Spoilsport
Ralph Spoilsport's picture

The first 4 are two types of welfare followed by the Industrial Military Complex and the crooked Fed banksters. Anybody else think this is fucked up?

Wed, 08/01/2012 - 13:55 | 2669463 Patriot Eke
Patriot Eke's picture

All welfare is theft, and I include warfare (corporate welfare).  End it all, and our spending and debt problems would vanish.  Will it happen?  Hells no!  We are being looted, and our destruction follows.

Wed, 08/01/2012 - 15:06 | 2669821 Rat Patrol
Rat Patrol's picture

All TAX is theft. The only political argument going on is how much of what you earn you should be allowed to keep.

 

Never should have allowed the proles to vote themselves a pay raise. I pretty sure we were warned of that kind of stupidity.

Wed, 08/01/2012 - 15:22 | 2669895 blunderdog
blunderdog's picture

The only pay-raise the "proles" voted themselves was Medicare-D.  We should end that tomorrow, but no one's about to pick up the mantle.  Write your Congressman and tell them to end welfare for the old 'cause it's commie.

Wed, 08/01/2012 - 15:33 | 2669950 Rat Patrol
Rat Patrol's picture

Welfare, EBT, Section 8, free cell phones, and additional 5 million on SSDI since Obama came to office, subsidies for utilities, etc.... it seems the list is endles.

 

Medicare Part D might be a massive welfare program, but is just one of many.

 

Oh, and we are also paying to teach Africans to wash their junk properly.

 

Government is just awesome in its protection of the average citizen.

 

Don't even get me started on its failure to enforce the laws meant to protect the average citizen.

Wed, 08/01/2012 - 15:47 | 2670016 blunderdog
blunderdog's picture

The folks who receive those kinds of benefits don't vote. 

You are, as I mentioned, completely full of shit.  You've got a chart at the top of the page with the spending breakdown, and all the stuff you just mentioned is part of all the tiny little columns to the right.  The big money is Medicare and Social Security, plus the war machine.

Despite the MASSIVE malinvestment over the past 50 years into Medicare, there's sadly still no cure for stupid.

Wed, 08/01/2012 - 16:01 | 2670091 Rat Patrol
Rat Patrol's picture

You seem to love pronouncements with no link to a source. What makes you think the don't vote? You need to back that one up.

 

Anyway, it is government involvement in all these areas that has screwed the pooch.

 

How do you fix it without just killing all the seniors?

 

You fascists always have the same fix. Kill the troublemakers. In this case, the grey hairs.

 

The war machine would be very profitable, except the commies have endorsed nation building.

Wed, 08/01/2012 - 17:11 | 2670162 blunderdog
blunderdog's picture

My objective is just to smash the state.  This empire's going to end without a single shot being fired.

You want to make sure welfare for the old continues? 

Better start coming up with some ideas then, because you can't make up a $1.4T Medicare/SocSec budget by canceling the $80B foodstamps program.

  ------------

EDIT: Incidentally, I do aim to educate, so for your edification (you'll need Excel): http://www.census.gov/hhes/www/socdemo/voting/publications/p20/2008/Tabl...

Wed, 08/01/2012 - 13:51 | 2669417 Captain Benny
Captain Benny's picture

Looks like the Treasury thinks that "Social Security Trust Fund" is on their balance sheet.... What an f'd up world we live in.

Wed, 08/01/2012 - 13:52 | 2669433 Jason T
Jason T's picture

Bernanke bought all the higher yeilding bonds from the SS trust fund and replaced them with 3 month T bills yeilding .02%.  

Wed, 08/01/2012 - 13:54 | 2669457 Brother Sebastian
Brother Sebastian's picture

Treasury has been stealing--I mean, borrowing--from the SS Trust Fund for decades.  Makes me feel good as an American to know we've also been borrowing $trillions to engage in "nation building" while simultaneously killing those who we "protect." 

Wed, 08/01/2012 - 14:28 | 2669631 fingulas
fingulas's picture

Oh but it IS.   There is no cash in the SSTF.  It was all exchanged for special treasuries long ago.  These treasuries can ONLY be redeemed by the dept of treasury, not sold on the open market.

So the treasury is correctly adding this to the "liability" column of their ledger...becuse SSTF HAS BEEN LOOTED!

Wed, 08/01/2012 - 13:49 | 2669418 Floordawg
Floordawg's picture

Learn to fight more wars for corporate America with less arms... bitchez.

Wed, 08/01/2012 - 13:50 | 2669419 Metalredneck
Metalredneck's picture

This is not going to improve with demographics.  10,000 boomers reaching retirement every day.  Who is left to tax?

Wed, 08/01/2012 - 13:50 | 2669420 ReeferMac
ReeferMac's picture

Well, it's plain as day.

We spend our money on Debt, Destruction, and Deadbeats!

Wed, 08/01/2012 - 13:52 | 2669442 otto skorzeny
otto skorzeny's picture

usually I enjoy a DDD

Wed, 08/01/2012 - 13:50 | 2669423 Hype Alert
Hype Alert's picture

Wait, why is Treasury so high?  I thought they "Made" money on every bailout?  You mean that was a lie too?

Wed, 08/01/2012 - 14:02 | 2669492 NotApplicable
NotApplicable's picture

They've still got a few more lumps in the yield curve to flatten out with the ZIRP Express.

Wed, 08/01/2012 - 14:34 | 2669674 NotApplicable
NotApplicable's picture

Oooh, looky kids, the Fed just announced they're keeping rates "exceptionally low" until 2014.

Wed, 08/01/2012 - 13:50 | 2669424 slewie the pi-rat
slewie the pi-rat's picture

mimimimi

sollatidough!

Wed, 08/01/2012 - 13:54 | 2669458 Winston Churchill
Winston Churchill's picture

Slewie.I don't think thats the Fat lady warming up.

More like:the Mormon Tabernacle choir.

Wed, 08/01/2012 - 14:01 | 2669489 Metalredneck
Metalredneck's picture

As Harry Chapin would say; "Mormon Tubercular Choir."

Wed, 08/01/2012 - 14:08 | 2669520 slewie the pi-rat
Wed, 08/01/2012 - 13:52 | 2669431 Slope of Hope
Slope of Hope's picture

Based on the huge surge in gun and ammo sales the past few years, maybe we can defend ourselves and cut out that expense alltogether.

Wed, 08/01/2012 - 13:55 | 2669462 otto skorzeny
otto skorzeny's picture

good luck finding any body armor for sale now after Aurora incident-the AKs are selling like crazy(thank Obummer for saying it was an AK-even though the shooter used a pussy AR for the  bloodbath-not an AK-which would never have jammed like his AR)

Wed, 08/01/2012 - 14:03 | 2669501 NotApplicable
NotApplicable's picture

Well, that's because AK's belong in the hands of the soldiers.

Wed, 08/01/2012 - 14:13 | 2669540 LawsofPhysics
LawsofPhysics's picture

That's a good sheep.  The banksters and folks on the other side of the interest being paid to the Federal Reserve Bank thank you for your support.

 

Please continue to ignore the fact there is no justice or rule of law anymore because there is no real consequences for bad behavior.  

Guess what moron, evil doers will do-evil, especially when they know nothing will come of it, fraud is fraud, theft is theft.  prosecute the god-damn laws on the books already for christ's sake.

Cars kill far more people (especially young people) than guns, guess we better outlaw them too.  Stupid fucking sheep.

Wed, 08/01/2012 - 14:39 | 2669705 NotApplicable
NotApplicable's picture

Do you not pay any attention to what is being said when you reply? Or is sarcasm too hard?

Look fool, I quoted Obummer who said that AK's belong in the hands of soldiers, but guess what? His soldiers don't carry them!!! (see, that's a fucking JOKE)

Jesus man, get off the soap-box every now and then and get some fresh air.

Or maybe you prefer arguing with people that aren't arguing with you?

Whatever.

Wed, 08/01/2012 - 15:15 | 2669863 Overfed
Overfed's picture

I've learned to always end my sarcastic statements with "/s", even when the sarcasm is obvious. FWIW.

Wed, 08/01/2012 - 14:30 | 2669648 Buckaroo Banzai
Buckaroo Banzai's picture

The AR wasn't the problem, the jams were caused by the stupid 100-round JamAMatic magazine he used. Luckily for the people in that theater, he was a complete amateur when it came to equipment selection and malfunction drills.

Wed, 08/01/2012 - 14:57 | 2669784 SilverRhino
SilverRhino's picture

That pussy AR will outrange and outshoot your AK EVERY time.   Of course if the guy wanted a real bloodbath he would have used a real rifle like 7.62 X 51 and not some pussy AK round.

 

Wed, 08/01/2012 - 15:34 | 2669960 Lednbrass
Lednbrass's picture

Who used an AK round, what the hell are you talking about? If you are referring to Aurora he had an AR-15. Go buy a clue.

Does the AR have more range and is it generally more accurate? Yep, no doubt. But it is also a tempermental little princess sometimes.

While there is much to say for the AR platform, I have noticed that I spend alot less time having to screw around with my AK than the AR guys do at the range. Good thing the Aurora lunatic had an AR type, thats why it jammed. An AK would have kept on chugging and will eat any type of ammo without a hitch. Give an AR anything but its favorite food or forget to clean it and it often clams up like a 5 year old being told to eat spinach.

Wed, 08/01/2012 - 20:07 | 2670688 10mm
10mm's picture

Thanks Lednbrass,you saved me alot of typing.You spoke volumes.

Wed, 08/01/2012 - 16:12 | 2670121 GeezerGeek
GeezerGeek's picture

Please enlighten me:

What's the difference between the bullet in a 7.62x51 (aka 308 winchester) and a 7.62x39 typically found in an AK? Is muzzle velocity really importand in a movie theater? I'd rather be shot with an AR round (5.56) than with the AK round (7.62).

Likewise: who need to worry about long range shooting in a movie theater? Worried about not reaching the guys and gals in the back rows?

Just asking.

Wed, 08/01/2012 - 19:58 | 2670663 10mm
10mm's picture

A true commie gun being slandered by a socialist.What's the world comin too.

Wed, 08/01/2012 - 20:08 | 2670669 10mm
10mm's picture

So movie goers are going to be decked out in the latest armor wear.

Wed, 08/01/2012 - 13:52 | 2669434 edifice
edifice's picture

Whoah whoh... Let's start with getting the title straight: "What the government spends the Federal Reserve's money on."

Wed, 08/01/2012 - 14:53 | 2669780 Overpowered By Funk
Overpowered By Funk's picture

I beg to differ. When we let them take our money at will like we often do, it becomes their money.

Wed, 08/01/2012 - 13:52 | 2669436 Patriot Eke
Patriot Eke's picture

It's the spending stupid.  Cut out the first two columns entirely, drastically cut the third by changing it back to defense only, default on the debt for the forth column, and then we wouldn't need any individual taxes at all and our republic might have a chance to be restored without violence.

I can dream, right?

Wed, 08/01/2012 - 14:22 | 2669573 Dr. Richard Head
Dr. Richard Head's picture

That is a dream worth being asleep for. 

Wed, 08/01/2012 - 13:54 | 2669439 lolmao500
lolmao500's picture

Politicians pay banksters to blow them.

Wed, 08/01/2012 - 13:53 | 2669445 t_kAyk
t_kAyk's picture

I'd like to see the real account balance of all those programs. 

Wed, 08/01/2012 - 14:06 | 2669509 NotApplicable
NotApplicable's picture

It would look just like the event horizon of a black hole, where the "balance" is infinity going nowhere, forever.

Well, once ZIRP plays out...

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