In January 1918, some ten months before the end of World War I, US President Woodrow Wilson had written a list of proposed war aims which he called the Fourteen Points..
Today, discretionary spending makes up less than 40 percent of the entire budget. Net Interest-Net interest is the only part of future spending that cannot be reduced by legislative action because it is money that must be paid to service the U.S. debt.
They claim that âwelfare spendingâ is the âlargest budget itemâ for the federal government, with the fed spending $745.84 billion, more than is spent on Social Security, Medicare and ânon-war defense.â (Hah.) Plus: âIn all, the U.S. government, including federal and state governments, spends in excess of $1 trillion on welfare.â.