Report: U.S. Digs Giant Hole, Fills it with Money, Pours Gasoline, Lights Match

Daniel Halper writes:  New research from the Republicans on the Senate Budget Committee shows that over the last 5 years, the U.S. has spent about $3.7 trillion on welfare. Here’s a chart, showing that spending versus transportation, education, and NASA spending:

U.S. Has Spent $3.7 Trillion On Welfare Over Past 5 Years.preview

“We have just concluded the 5th fiscal year since President Obama took office. During those five years, the federal government has spent a total $3.7 trillion on approximately 80 different means-tested poverty and welfare programs. The common feature of means-tested assistance programs is that they are graduated based on a person’s income and, in contrast to programs like Social Security or Medicare, they are a free benefit and not paid into by the recipient,” says the minority side of the Senate Budget Committee.

“The enormous sum spent on means-tested assistance is nearly five times greater than the combined amount spent on NASA, education, and all federal transportation projects over that time. ($3.7 trillion is not even the entire amount spent on federal poverty support, as states contribute more than $200 billion each year to this federal nexus—primarily in the form of free low-income health care.)

The Weekly Standard


One Comment on “Report: U.S. Digs Giant Hole, Fills it with Money, Pours Gasoline, Lights Match”


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