“$3.22 Trillion: Federal [SOCIALIST] Programs That ‘Transfer Income’ Projected to Hit Record in FY20”

“Federal spending programs that are “designed to transfer income … to individuals or families” are set to hit a record $3,223,943,000,000 in fiscal 2020, according to projections published by the Office of Management and Budget.

These so-called “payments for individuals” (as the OMB calls them) are projected to account for 67.9% of all federal spending this fiscal year and consume 14.4% of the nation’s gross domestic product…

In fiscal 2010, federal “payments for individuals” totaled $2,406,300,000,000 in constant 2012 dollars. But by fiscal 2019, according to the OMB estimate, they had increased to $2,835,300,000,000 in constant fiscal 2012 dollars, and in fiscal 2020, they are projected to hit a record $2,837,500,000,000 in constant 2012 dollars (or $3,223,943,000,000 in current year dollars)…

The people who run our government are truly record setters — when it comes to taking money from one group and giving it to another. That includes taking money from future generations and spending it on their own…”

https://www.cnsnews.com/commentary/terence-p-jeffrey/322-trillion-federal-programs-transfer-income-projected-hit-record-fy20

Socialism will destroy eventually America even if the deep state and the global elite fail to do so.

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