0 sats \ 6 replies \ @Undisciplined OP 23 Mar 2023 \ parent \ on: Are Bank Failures a Sign of More Trouble Ahead? | Ron Paul bitcoin
That's not what happens. The bulk of Federal spending is direct transfer payments to individuals.
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0 sats \ 5 replies \ @alevu 23 Mar 2023
The bulk of social expenditure for the US is "old age" and "health". 2 area with very low social net if you're poor. Not what I call a welfare state
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10 sats \ 2 replies \ @Undisciplined OP 23 Mar 2023
Fine. Call it whatever you want, but the US spends more on direct government transfers than most "welfare states", so it's not an unreasonable label.
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0 sats \ 1 reply \ @alevu 23 Mar 2023
Not proportional to GDP, but in absolute number, possibly.
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1 sat \ 0 replies \ @Undisciplined OP 23 Mar 2023
I was thinking per capita, where the US is 10th, but it's 16th as % of GDP.
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10 sats \ 1 reply \ @sb 23 Mar 2023
Let's face it. The welfare state in the US is privileged boomers having their retirements and health problems paid for by young hard working people who have been born at the wrong end of the debt cycle. What a joke.
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0 sats \ 0 replies \ @Undisciplined OP 23 Mar 2023
I have no objection to this characterization.
Boomers won't be satisfied until they've consumed all of the resources from their own generation, their parents generation, and their children's generation.
Hopefully, they'll be out of the picture before they get to plunder their grandchildren as well.
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