Paul Krugman

@paulkrugman ↗

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Last Checked July 13, 2021

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Tue Jul 13 11:50:42 +0000 2021

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Paul Krugman @paulkrugman

Beyond that, many people still don't seem to realize where federal spending goes. The federal govt is basically an insurance company with an army: nondefense spending is mainly Social Security, Medicare, and Medicaid 3/ — PolitiTweet.org

Posted July 13, 2021

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Paul Krugman @paulkrugman

One source of confusion is that correspondents are thinking only about spending, not net transfers — spending by DC minus taxes paid 2/ — PolitiTweet.org

Posted July 13, 2021

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Paul Krugman @paulkrugman

The social insurance programs spend slightly more in low-income regions, because some things like Medicaid and food stamps are means-tested. But broadly speaking they spend about the same amount per capita everywhere 4/ — PolitiTweet.org

Posted July 13, 2021