Report: U.S. Digs Giant Hole, Fills it with Money, Pours Gasoline, Lights MatchPosted: October 23, 2013
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:
“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.)
- $3.7 trillion spent on welfare over past 5 years (wnd.com)
- Where Your Money Is Going (tarpon.wordpress.com)
- 33 Stats That Prove That SOMETHING Desperately Needs To Be Done About The National Debt (thesurvivalplaceblog.com)
- Sessions Issues Statement After Voting Against Debt Hike (wtvy.com)