Latest News
Social Security Loses Its No. 1 Spot in the Rack-Up of Federal Spending - tradingview.com
Although it wasn’t considered a “badge of honor,” Social Security has been at the top of the federal line-item spending list, with about $1.7 trillion paid out annually. That position is projected to change next year, when interest on the national debt passes it, according to best-selling author and SchiffSovereign.com Founder Peter Schiff. In a post tradingview.com, Schiff reports “A few months ago interest on the national debt passed defense. Now it’s 40% higher. Next year it passes Social Security. The biggest line in the budget is the one nobody voted for.”
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.