Social Security Administration Spending Tops $1 Trillion for First Time

In fiscal 2017, real Social Security Administration spending topped $1 trillion for the first time, according data published in the Monthly Treasury Statement.

The Social Security Administration spent a total $1,000,812,000,000 in fiscal 2017, according to the Treasury.

That was about 37 times as much as the Department of State spent during the year ($27,061,000,000), 32 times as much as the Department of Justice ($30,977,000,000), and 20 times as much as the Department of Homeland Security ($50,502,000,000).

The $1,000,812,000,000 spent by the Social Security Administration in fiscal 2017 was also about 76 percent more than the federal government spent on Department of Defense and Military Programs ($568,905,000,000) during the year.

According to the Monthly Treasury Statement, the only major spending category that absorbed more money than the Social Security Administration in fiscal 2017 was the Department of Health and Human Services, which spent $1,116,764,000,000. (Read more from “Social Security Administration Spending Tops $1 Trillion for First Time” HERE)

Follow Joe Miller on Twitter HERE and Facebook HERE.