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Federal Spending for Older Americans

Description: This report discusses the share of the federal budget devoted to older Americans, which is growing. The federal government currently spends more than one-third of its budget on benefits and programs for older Americans. For people age 65 and over, estimated FY2007 spending for Social Security, Medicare, and Medicaid alone is $833 billion. Spending for retired federal employees and military personnel and for veterans is also significant, and smaller programs add to the total as well. Tax expendi… more
Date: January 25, 2007
Creator: Grady, April & Klunk, William J.
Partner: UNT Libraries Government Documents Department
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Federal Spending for Older Americans

Description: The federal government currently spends more than one-third of its budget on benefits and programs for older Americans. For people age 65 and over, estimated FY2005 spending for Social Security, Medicare, and Medicaid alone is $713 billion. Spending for retired federal employees and military personnel and for veterans is also significant, and smaller programs add to the total as well. In addition, tax expenditures might be taken into account to obtain a more complete budget picture.
Date: December 21, 2004
Creator: Grady, April; Lyke, Bob & Rimkunas, Richard
Partner: UNT Libraries Government Documents Department
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