Is the U.S. Government Spending High Relative to Other G-7 Countries ?
The U.S. Federal Spending for Fiscal Year 2012 was about $3.5 Trillion.On a percentage basis, healthcare and social security payments accounted for 45% of total spending. Defense expenditures amounted to 19% of total spending. Net interest paid on outstanding public debt added another 6% according to data provided by Congressional Budget Office (CBO). U.S. Federal Spending …
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