Three on Thursday - America's Transfer Society

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In Fiscal Year 2025, a staggering 69% of federal spending was allocated to payments to individuals, near the highest share ever recorded. In this week’s “Three on Thursday” we look at the composition and evolution of federal spending over history, and how the Federal Government has become not much more than the world’s largest money transferring machine. For deeper insights, click the link below.

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Posted on Thursday, May 7, 2026 @ 10:37 AM

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