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Social Security, Medicare and Medicaid Account for Half of Federal Spending

Press release, October 9, 2007: “Social Security, Medicare and Medicaid accounted for more than $1 trillion of the $2.3 trillion the federal government spent in 2005, according to the U.S. Census Bureau, which publishes the only consolidated source of data on the geographic distribution of federal expenditures. The Consolidated Federal Funds Report for Fiscal Year 2005 [116 pages, PDF] is a presentation of data on most domestic spending by the federal government for state and county areas of the United States, including the District of Columbia and U.S. outlying areas. The data include expenditures for the Defense Department and the Department of Homeland Security. The report covers direct payments, grants, procurement awards, and salaries and wages by federal agency and program. The report does not include expenditures for selected intelligence agencies, international payments, foreign aid and interest on the federal debt. A companion report, Federal Aid to States for Fiscal Year 2005 [56 pages, PDF], contains federal agency and program-level data on grants to state and local governments.”

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