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Welfare spending has grown substantially over the past four years, reaching $746 billion in 2011 — or more than Social Security, basic defense spending or any other single chunk of the federal government — according to a new memo by the Congressional Research Service.
The steady rise in welfare spending, which covers more than 80 programs primarily designed to help low-income Americans, got a big boost from the 2009 stimulus and has grown, albeit somewhat more slowly, in 2010 and 2011. One reason is that more people are qualifying in the weak economy, but the federal government also has broadened eligibility so that more people qualify for programs.
Sen. Jeff Sessions, the ranking Republican on the Senate Budget Committee, who requested the Congressional Research Service report, said it underscores a fundamental shift in welfare, moving away from a Band-Aid and toward a more permanent crutch. ..................
Welfare spending jumps 32% in four years
The government spent approximately $1.03 trillion on 83 means-tested federal welfare programs in fiscal year 2011 alone — a price tag that makes welfare that year the government’s largest expenditure, according to new data released by the Republican side of the Senate Budget Committee.
The total sum taxpayers spent on federal welfare programs was derived from a new Congressional Research Service (CRS) report on federal welfare spending — which topped out at $745.84 billion for fiscal year 2011 — combined with an analysis from the Republican Senate Budget Committee staff of state spending on federal welfare programs (based on “The Oxford Handbook of State and Local Government Finance”), which reached $282.7 billion in fiscal year 2011. ..................
Report: Welfare government’s single largest budget item in FY 2011 at approx. $1.03 trillion
In the wake of the Treasury Department’s newly released summary of federal spending for 2012, it’s now possible to detail just how profligate the Obama years have been. Here’s the upshot: Under Obama, for every $7 we’ve had, we’ve spent nearly $11 (or, to be more exact, $10.95). That’s like a family that makes $70,000 a year — and is already knee-deep in debt — blowing nearly $110,000 a year.
Obama SOTU
To illustrate this a bit differently, for every Jackson ($20) we’ve had available to spend under Obama, we’ve also borrowed a Hamilton ($10) and a Washington ($1) and spent those too. The only thing is that, under Obama, we’ve (literally) spent the equivalent of 342 billion Jacksons, 342 billion Hamiltons, and 342 billion Washingtons — borrowing all of the Hamiltons and Washingtons.
Let’s take a look at the scorecard, based on official government figures. In fiscal year 2012 (which ended on September 30), the federal government acquired $2.449 trillion in tax revenue and other receipts. It spent $3.538 trillion — 44 percent more than it had available to spend. The resulting deficit was $1.089 trillion. ....
The 7-Eleven Presidency
Originally posted by sprtpilot
And, sadly, welfare recipients can vote. How does that make sense?
You having said that, what if the constitution was taken for its originally intended context? That would mean that noone except white guys that owned land could vote. If that were still the case today, would you be able to vote? What doesn't make sense is that you actually received stars for that profound post of yours.
Originally posted by sprtpilot
And, sadly, welfare recipients can vote. How does that make sense?
Welfare spending jumps 32% in four years
I don't support your boy Romney, or Obama. And since you're just getting the memo, this country was hellbound WAY before O was even a senator, or Romney was governor. And I think you're full of it. $16? Yeah, right. Oh, by the way, to hell with you too, sunshine.
Originally posted by LeoStarchild
Hey i applied for food stamps yesterday .. you know how much they would award me? $16 ... that's right $16.
While you drones mindlessly attack Romney .. on behalf of the DNC..
Obama is licking his chops at another 4 years to destroy this country. May you all rot in hell ..
good day
Corporate welfare is a huge strain as well.
Originally posted by poloblack
I don't support your boy Romney, or Obama. And since you're just getting the memo, this country was hellbound WAY before O was even a senator, or Romney was governor. And I think you're full of it. $16? Yeah, right. Oh, by the way, to hell with you too, sunshine.
Originally posted by LeoStarchild
Hey i applied for food stamps yesterday .. you know how much they would award me? $16 ... that's right $16.
While you drones mindlessly attack Romney .. on behalf of the DNC..
Obama is licking his chops at another 4 years to destroy this country. May you all rot in hell ..
good day