Wednesday, October 23, 2013

Why the FED believes that printing money helps its economy.

Why the FED believes that printing money helps its economy.

Military spending
683.7 billion

Wars future spending outside budget
3.7 trillion

Mandatory Spending
Social Security - $860 billion
Medicare - $524 billion
Medicaid - $304 billion
All other mandatory programs - $621 billion. These programs include TARP, Food Stamps, Unemployment Compensation, Child Nutrition and Tax Credits, Supplemental Security for the Disabled and Student Loans.

December 2011, there were approximately 2.79 million civil servants (civilian, i.e. non-uniformed) employed by the US Government.
Nineteen percent of federal employees earned salaries of $100,000 or more in 2009. The average federal worker's pay was $71,208 compared with $40,331 in the private sector.

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