Social Security Administration Spending Tops $1 Trillion for First Time

CNS NEWS – TERRENCE P. JEFFREY

In fiscal 2017, real Social Security Administration spending topped $1 trillion for the first time, according data published in the Monthly Treasury Statement.

The Social Security Administration spent a total $1,000,812,000,000 in fiscal 2017, according to the Treasury.

That was about 37 times as much as the Department of State spent during the year ($27,061,000,000), 32 times as much as the Department of Justice ($30,977,000,000), and 20 times as much as the Department of Homeland Security ($50,502,000,000).

The $1,000,812,000,000 spent by the Social Security Administration in fiscal 2017 was also about 76 percent more than the federal government spent on Department of Defense and Military Programs ($568,905,000,000) during the year.

Read more at CNS News

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