Home › Forums › Financial Markets/Economics › Anyone got 27 billion to loan the government? › EconProf is on target. The
EconProf is on target. The overwhelming majority of Federal spending is transfer payments.
60% of Federal spending is money paid either to individuals or to the states, NOT money used for defense, or other direct business of the federal government.
http://www.cato.org/pubs/tbb/tbb_0810-39.pdf
