U.S. squandered $ 3.7 trillion on welfare over last five years

by 1389 on October 23, 2013

in 1389 (blog admin), government spending, sovereign debt

The Weekly Standard has the story:

“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…

That’s over $11,674 added to our national debt for every member of the US population, and roughly $53,623 for every US federal taxpayer – with no end in sight.

Nothing in the US Constitution empowers the federal government to spend money for such purposes.

Off to an inauspicious start

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