Understanding The Federal Budget
Chapter 3: Human Resources and Social Insurance*
Chapter 3: Human Resources and Social Insurance
examines the growth of our federal social-insurance system since 1940.
The expenditures on the individual programs are plotted from 1940 through
2013, and it is shown how the retirement and medical social-insurance
programs dominate our federal social-insurance system. It is also shown that
the retirement programs are dominated by Social Security and the medical
programs are dominated by Medicare and Medicaid. It is further shown that
only the medical portion of the federal social insurance system has
increased relative to the economy since the mid 1970s.
Understanding The Federal
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chapter was formally Chapter 13 in
Where Did All The Money Go?