The Cost of Welfare

OldRegular · Oct 20, 2012

The Senate Budget Committee is out with a new report today that shows there are 83 overlapping government welfare programs that together represent $1.03 trillion in fiscal 2011 spending by federal and state governments, based on data from the Congressional Research Service (CRS). The report says “total means-tested welfare spending is currently the single-largest category of spending in the federal budget.”

That means that welfare costs in this country have reached a point where they account for more than the sums the nation spends on Social Security, Medicare, or national defense — the amounts spent on welfare equal the budget for defense and Medicare combined.

Alabama Senator Jeff Sessions, the ranking Republican on the Senate Budget Committee, requested the report from the CRS, and GOP budget committee staffers crunched the numbers. Specifically, the CRS found that the federal government spends $745.84 billion on 83 programs that it identified as welfare programs.
Click to expand...

Read more: http://www.foxbusiness.com/government/2012/10/18/trillion-dollar-cost-welfare/#ixzz29tEGhgfJ

Useful Searches

The Cost of Welfare

OldRegular Well-Known Member