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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (1451)8/8/2008 2:26:49 PM
From: c.hinton  Read Replies (1) | Respond to of 3816
 
Tim do the math and see how big a slice of the budget those entitlemnts were.

" by April of 1932, loans amounting to $1.248 billion dollars had been paid, leaving a $2.36-billion-dollar deficit. "wiki

Over 8 years after the passing of the Adjusted Service Certificate Law(1924 to 1932) 38 billion in revenues were collected by the government ..so one is looking at around 7% of the federal buget over eight years commited to those entitlements.

add up from the yearly tables

usgovernmentrevenue.com