Government Expenditures

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Carl Veritas's picture
Carl Veritas
Status: Gold Member (Offline)
Joined: Oct 23 2008
Posts: 294
Government Expenditures

Government expenditures are classified by economists into three types:

(1)  Government consumption  ---    purchases of goods and services

(2)  Government investment      ---    research or infrastructure spending

(3)  Transfer Payments               ---    social security payments, medicare etc

http://en.wikipedia.org/wiki/Government_spending

I am wondering which category bail outs fall into.   And since there are more than   $59 Trillion in future transfer payments (unfunded liabilities) which far exceeds the federal debt ceiling (around $13 Trillion)  established by Congress,  what can the taxpayer do to stop the runaway spending?

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