Quote:
Originally Posted by Hoppkins_Wytchfinder
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Military spending isn’t our issue. We spend an incredible amount on welfare type programs. From 2001-2017 our debt rose from 5.8 to 20.2 trillion. Of that, 1.9 trillion is due to the war on terror. That leaves 12.5 trillion unaccounted for.
Where did the money go during this time?
Obama’s bail out to the banks amounted to 16.1 trillion dollars. Most of this is still owed to the banks to be paid out between now and 2050. 4.6 trillion was paid out, the rest goes on our balance sheet as debt.
Whining about military spending in the face of this is ludicrous.
Keep in mind that military spending is 50% of discretionary spending. Not 50% of our total budget. Discretionary spending only accounts for like 25% of our total budget. Almost all of our budget is ‘mandatory spending’ which is almost entirely welfare programs such as social security, snap, Medicare, Medicaid, unemployment etc....