Amazon Deals

New at Amazon

Saturday, April 23, 2011

America’s Ever Expanding Welfare Empire

Forbes: "Of course, 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."

Ryan’s budget only slows the growth of this welfare/entitlement empire. 

No comments:

Post a Comment