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US Federal Spending

November 2, 2011 | Filed under: Commentary

U.S. Federal Spending in Fiscal Year 2010 was $3,456 B. 20% to Defense 20% to Social Security 23% to Medicare and Medicaid 6% to Interest on the Debt 12% for Other Mandatory 19% for Discretionary U.S. Federal Tax Receipts for Fiscal Year 2010 were $2,162 B. That covers about 60% of spending. …

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