wpostServer: http://css.washingtonpost.com/wpost2

Yep, the federal government is still an insurer with a large army

at 05:24 PM ET, 02/13/2012


Just for fun, I ran the 2011 numbers to see how the “insurer with a large army” description of the federal government held up. Before interest payments, the federal government spent $3.3 trillion in 2011. Medicare, Medicaid and Social Security accounted for about $1.5 trillion of that. Defense spending ate up another $838 billion. All other spending -- everything from farm subsidies to education to infrastructure -- came to $900 billion. The final tally: Social Security, Medicare, Medicaid and security spending took up fully 68 percent of the budget last year.

 
Read what others are saying

    Most Read: Business

    DJIA
    -1.88%
    S&P 500
    -2.00%
    NASDAQ
    -2.09%
     Last Update: 03:41 AM 08/01/2014

    World Markets from      

     

    Other Market Data from      

     

    Key Rates from