According to The Kobeissi Letter, social benefits now account for nearly half of the US government's expenditures, reaching 45% of the $7.1 trillion government spending in 2024, which is near an all-time high. This marks a significant increase of approximately 10 percentage points since 2000, indicating a substantial shift in government spending priorities towards social benefits.

According to The Kobeissi Letter, social benefits now account for nearly half of the US government's expenditures, reaching 45% of the $7.1 trillion spending in 2024. This marks a significant increase of approximately 10 percentage points since 2000, indicating a substantial shift in government spending priorities towards social welfare.