Saturday, October 20, 2012

Obama's Welfare Explosion

 

"Between 2008 and 2011, federal welfare payments have jumped 32 percent. Food stamps have surged, with 71 percent more spending on the program in 2011 compared with 2008. Health payments, principally Medicaid, have climbed 37 percent.

By the way, it's not just the deep recession and weak recovery that's driving up these programs. It's a substantial  eligibility expansion, which started under George W. Bush, but has gone much further under President Obama.

In a larger budget context, reporter Jeffrey H. Anderson uses a Treasury Department study to chronicle the 7-Eleven presidency. In fiscal year 2012, ending Sept. 30, the government spent nearly $11 for every $7 of revenues taken in. The exact figures are $2.5 trillion in tax revenues and $3.5 trillion in spending. In other words, it spent 44 percent more than it had coming in."     [Real Clear Politics]

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