Fun Fact of the Day, November 1, 2017

November 1, 2017

NATIONAL EXPENDITURES - 60% of the $3.981 trillion of total outlays for the US government during the recently completed fiscal year 2017 were in just 4 categories - Social Security ($945 billion), National Defense ($600 billion), Medicare ($597 billion) and Net Interest Expense ($263 billion).  Total outlays increased by +3.3% on a year-over-year basis, up $128 billion (source: Treasury Department).

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