U.S. deficit grows to $128.7 billion in first quarter of fiscal year 2004
Washington - The government produced a deficit of $128.7 billion for the first three months of the 2004 budget year, which was $20 billion more than for the same period a year earlier, the Treasury Department reported Thursday.
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So far this budget year, the biggest spending categories were Medicare and Medicaid, $135.4 billion; Social Security, $131.1 billion; interest on the public debt, $115 billion; and military, $107.7 billion.
A minimum of $460 Billion in yearly interest payment, it's a nice way of transfering wealth from the working & class to the wealthy.
A minimum of $430 Billion in yearly Military Expenses.
