US Veterans' Benefits payments have reached a record high, now accounting for 27% of the total US Defense Department spending. This marks a significant increase, as these benefits are rising at a faster rate than both the overall Defense Department expenditures and total US Federal receipts. Currently, Veterans' Benefits also represent approximately 8% of total US Federal receipts, highlighting their growing financial impact on the federal budget.
US Veterans' Benefits Reach Record 27% of Defense Department Spending
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