Sunday, April 24, 2011

America’s Ever Expanding Welfare Empire

"A fundamental misconception about America’s welfare state misleads millions of voters to reflexively support ever bigger and more generous government. .....

..... the big picture comprises the entire scope of entitlement programs, including Social Security and Medicare. Social Security spending for 2010 was $721.5 billion, with Medicare spending totaling $457 billion for the year, for a combined total of $1.179 trillion. Adding in federal welfare spending for the year leaves a combined total for entitlement spending of $1.879 trillion. The total federal budget for that year was 3.720 trillion. So entitlement/welfare state spending overall for that year was just over 50% of the entire budget. Not exactly stingy.

The War on Poverty famously began in 1965. From 1965 to 2008, the total spent only on means tested welfare for the poor in 2008 dollars has been nearly $16 trillion, according to the Heritage Foundation. Rector reports that has been more than all spending on all military conflicts from the American Revolution to today, in 2008 dollars."
[Forbes]

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