Federal Spending Odds & Ends: Interest Payments/Transfer Payments to Individuals

Federal Spending Odds & Ends: Washington is a giant ATM machine #DOGE

Federal Spending data https://web.archive.org/web/20240705083452/https://www.whitehouse.gov/omb/budget/historical-tables/ https://web.archive.org/web/20241130122049/https://www.whitehouse.gov/wp-content/uploads/2024/03/hist_fy2025.zip https://web.archive.org/web/20241208132545/https://www.whitehouse.gov/wp-content/uploads/2024/03/hist08z2_fy2025.xlsx https://web.archive.org/web/20241222225328/https://www.whitehouse.gov/wp-content/uploads/2024/03/hist11z1_fy2025.xlsx

*** U.S. Population Data https://www.census.gov/data/datasets/time-series/demo/popest/2020s-counties-total.html https://www.census.gov/data/datasets/time-series/demo/popest/2010s-counties-total.html https://www2.census.gov/library/publications/2011/compendia/statab/131ed/2012-statab.pdf

U.S. Population 2000 = 282,172,000 * 2001 = 285,082,000 * 2002 = 287,804,000 * 2003 = 290,326,000 * 2004 = 293,046,000 * 2005 = 295,753,000 * 2006 = 298,593,000 * 2007 = 301,580,000 * 2008 = 304,375,000 * 2009 = 307,007,000 * 2010 = 308,745,538 * 2011 = 311,556,874 * 2012 = 313,830,990 * 2013 = 315,993,715 * 2014 = 318,301,008 * 2015 = 320,635,163 * 2016 = 322,941,311 * 2017 = 324,985,539 * 2018 = 326,687,501 * 2019 = 328,239,523 * 2020 = 331,464,948 * 2021 = 332,048,977 * 2022 = 333,271,411 * 2023 = 334,914,895 * Grand Total = 7,473,134,960 ***

In this edition I’m going to cover payments to individuals by our federal government & interest payments on our debt (net interest).

Head over to Table 11.1 kids & we’re going to first tally “Payments for individuals & “As Percentages of Total Outlays.”

FY (Fiscal Year) 1970-2023 average = 56.59% of ALL federal outlays * FY 2000-2023 average = 66.095% of ALL federal outlays. Our federal government has become a giant ATM machine. Now let’s look at some other time frames & this will demonstrate to you the jam we are in.

I should also mention, one of the reasons the Democrats want to nationalize so many programs (and get GOP help, all too often) is to crash the economy (Ron Paul said as much on the House floor in circa 2011 – said this POTUS & Congress are trying to crash the economy), give states less autonomy & the states cannot create a fiat currency.

If California were responsible for its unemployment programs, it would be more difficult during a COVID-style plandemic to pay much of the state to sit on its ass & do nothing. When Leviathan is in control, California can lock down & get Iowa (which did not lock down & has a higher % of people participating in the labor force) to pay for it.

The same goes for food stamps/SNAP, Medicaid, etc. I digress.

“Payments for individuals,” “As Percentages of Total Outlays” FY 1954-1961 (Eisenhower) average = 23.325% * FY 1962-1969 (JFK/LBJ) = 28.437% * FY 1978-1981 (Carter) = 47.275% * FY 1982-89 (Ronald Reagan) = 48.012% * FY 1994-2001 (Bill Clinton) = 59.437% * FY 2002-09 (George W. Bush) = 61.762% * FY 2010-17 (Barry Obongo) = 69.437% * FY 2018-2023 (Trump & Biden) = 69.283%

Do you see how this is not sustainable? Do you want an economic collapse? A fiat currency is Collectivist wet dream & that’s part of the reason this spending continues unabated. Karl Marx would LOVE the Federal Reserve https://mises.org/mises-wire/why-marx-loved-central-banks “Chronic monetary inflation, for instance, discourages savings; running into ever greater amounts of debt gets cultivated; by central banks’ downward manipulation of the interest rate, the future needs get debased compared to present needs; the favoring of a sort of monetary “Deep State” comes at the expense of demolishing civil and entrepreneurial liberties.”

“Today’s world depends on the fiat US dollar issued by the Fed more than ever. Effectively all other major currencies are built upon the Greenback, and it is the Fed that determines the credit and liquidity conditions in international financial markets. It effectively presides over a world central bank cartel which, if it is allowed to continue unimpededly, will eventually steer and control the world economy through its unassailable money production monopoly, effectively removing one of the most critical roadblocks against unrestricted state tyranny.” We need #DOGE more than ever!

Once you see how much the federal budget en masse has grown https://rumble.com/v6qiakw-lyin-brian-tyler-cohen-is-really-worried-about-medicaid-spending.html this is even more disheartening.

Now let’s run that spending (“Payments for individuals,” Table 11.1) adjusted for inflation & per capita.

FY 2000-2023 (7,473,134,960 population & $61,100,000,000,000 spent) = $8,175.95 per capita

FY 2002-09 ($15,361,500,000,000 & 2,378,484,000 population) = $6,458.52 per capita

FY 2010-17 ($21,058,600,000,000 & 2,536,990,138 population) = $8,300.62 per capita

FY 2018-2023 (1,986,627,255 population & $21,716,300,000,000 spent) = $10,931.24 per capita

This is NOT sustainable, my friends. Transfer Payments to Individuals on a per capita basis & adjusted for inflation were >69% HIGHER FY 2018-23 than they were when George W. Bush was President. Dwell on that for a few minutes before you call (or write) your elected officials & politely raise hell over this profligate spending. We’re talking about the younger Bush president, not a guy who has been in the ground for decades & lived to a ripe old age. What Leviathan has done to the middle class is criminal. #DOGE

Now go to Table 8.3 & we’re going to examine “Net Interest” outlays as a % of all federal outlays. Don’t forget how much federal spending has grown since the 1970s. This is a ticking time bomb.

“Net Interest” outlays as a percentage of all federal outlays, FY 1970-2023 = 9.663% * “Net Interest” outlays as a percentage of all federal outlays, FY 2000-2023 = 7.487%. Now for some other time frames to give you a better idea.

“Net Interest” outlays as a percentage of all federal outlays, FY 1982-89 = 13.225% * “Net Interest” outlays as a percentage of all federal outlays, FY 1994-2001 = 13.937% * Net Interest” outlays as a percentage of all federal outlays, FY 2002-09 = 7.625% * Net Interest” outlays as a percentage of all federal outlays, FY 2010-17 = 6.25% * “Net Interest” outlays as a percentage of all federal outlays, FY 2018-23 = 7.516%

Bill Clinton was actually a pretty decent POTUS (especially after he got slapped down by the voters in 1994) & his spending increases minus “net interest” payments look really good. George W. Bush did a poor job on spending. Clinton got hit w/ higher interest rates & George lucked out.

Now let’s run those numbers on an inflation-adjusted basis & average it for various time frames (Table 8.2).

“Net Interest” outlays adjusted for inflation, FY 1970-2023 yearly average = $238.5 BILLION *
“Net Interest” outlays adjusted for inflation, FY 2000-23 yearly average = $277.891 Billion. Now for some other time frames.

“Net Interest” outlays adjusted for inflation, FY 2002-09 = $237.15 Billion per year * “Net Interest” outlays adjusted for inflation, FY 2010-17 = $239.037 Billion per year * “Net Interest” outlays adjusted for inflation, FY 2018-23 = $379.283 Billion per year. Does that make you cringe?

Now let’s run those numbers on a per capita basis.

“Net Interest” outlays adjusted for inflation per capita FY 2000-2023 = (7,473,134,960 population & $6,669,400,000,000) $892.45

“Net Interest” outlays adjusted for inflation per capita FY 2002-09 (2,378,484,000 population & $1,897,200,000,000) = $797.65

“Net Interest” outlays adjusted for inflation per capita FY 2010-17 ($1,912,300,000,000 & 2,536,990,138 population) = $753.76

“Net Interest” outlays adjusted for inflation per capita FY 2018-23 (1,986,627,255 population & $2,275,700,000,000) = $1,145.50.

Does that demonstrate the yoke that this government is placing on your grandchildren? That bill will have to be paid, so we can engage in some spending cuts now (and real cuts, not cuts in growth) or we can continue down this primrose path & some of you will get to live through an economic catastrophe, comparable & maybe even worse than The Great Depression. “Net Interest” payments, adjusted for inflation per capita are 43.5% HIGHER FY 2018-23 when compared to FY 2002-09.

Again, if you have not written your elected officials do so now. Tell them you support #DOGE & Congressional rescission packages so we can start paying down our national debt. Otherwise, there will be a reckoning & the Democrats have NO intention of cutting any spending. They want us to go off a cliff.

That’s why they defend this frivolous NIH spending, a bloated HHS & all this ridiculous spending that has been going on for decades. They don’t want to cut any spending, get it? The GOP needs more Rand Paul & less Chuck Grassley & Mitch McConnell. I had to vote for Grassley because the other guy was even crazier.

Hopefully this series of videos https://rumble.com/playlists/IIv11M6lVOE has helped out & helped you see the economic collapse we’re going to have if we don’t do something. It’s depressing, but the discussion needs to happen. I do this so you don’t have to – Mr. Chairman, I Yield Back!