Monday, April 18, 2011

The truth about our social spending

I just came across an article entitled "U.S. Ranks Dead Last In Overall Social Spending" . Take a look at part of what it says:

The conservative pundits are trying to frame this [budget] debate along the lines that the deficit and debt of the United States was created by the liberal, nanny state programs. This is an outright lie they have drummed into the heads of the American people. Unfortunately, some of the pundits are trusted sources of information for millions of people.

The United States currently ranks thirty-fourth (34th) out of the thirty-four (34) members of the OECD in regards to spending on social programs, DEAD LAST.

The amount the United States spends is currently only 7.2% of our gross domestic product on programs that make up our social contract with the American people.

The OECD is the Organisation for Economic Co-operation and Development. You can read about them right here. Members include Australia, Japan, the UK, Canada, Ireland, Iceland, Israel, Slovenia, Mexico. Something to think about, people.
UPDATE: Well, this is a bit better. The author says the following: " I used some information that has since been corrected on the original site, Business Insider. It turns out that the United States spends 16.2% of our GDP on social programs, NOT 7.2%."

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