Entitlement money gobbling up budget
Federal spending up 5 percent from 2003
THE ASSOCIATED PRESS
WASHINGTON
Three growing entitlement programs consumed nearly half of all federal spending in 2004, and budget analysts expect them to make up an even bigger share in the future.
Social Security, Medicare and Medicaid accounted for more than $1 trillion in the 2004 bud-get year, according to the Consolidated Federal Funds Report being released today by the Census Bureau.
Overall federal spending was $2.2 trillion, an increase of 5 percent from 2003.
THE ASSOCIATED PRESS
WASHINGTON
Three growing entitlement programs consumed nearly half of all federal spending in 2004, and budget analysts expect them to make up an even bigger share in the future.
Social Security, Medicare and Medicaid accounted for more than $1 trillion in the 2004 bud-get year, according to the Consolidated Federal Funds Report being released today by the Census Bureau.
Overall federal spending was $2.2 trillion, an increase of 5 percent from 2003.
posted by Andy W. Rogers | 8:02 PM
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