No wonder we’re going broke. We’re outspending the other countries that are going broke.
While redistributive social spending in the US is indeed different from many other countries, the overall magnitude is actually greater (both proportionally and in absolute terms) in the US than in almost all other countries measured. One can argue that the way that the wealth is redistributed through public policy in the US is "wrong" or "suboptimal." But, to argue that there is less redistribution as a result of public policy in the US than elsewhere is simply wrong.
http://www.zerohedge.com/news/ 2015-11-01/social- expenditures-us-are-higher- all-other-oecd-countries- except-france
http://www.zerohedge.com/news/
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