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Welfare Spending Could Increase 80 Percent In Next Decade

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Unread 01.16.13, 05:03 AM
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Welfare Spending Could Increase 80 Percent In Next Decade

01.15.13 10:01 PM

Numbers out from Republicans on the Senate Budget Committee suggest that Federal welfare expenditures could snowball by 80 percent over the next decade if Washington doesn’t cut back.

According to information put out by the committee, if government could slow the growth rate of welfare spending from 80 to 60 percent, the Federal government could save taxpayers $1 trillion over a period of 10 years.


Overall spending on welfare in the United States dwarfed all other budget items in FY2011. Welfare spending (Federal and State) throughout the Nation topped out at more than $1 trillion for that fiscal year, “totaling enough to mail every household in poverty a check for 60k each year.”

The report states:
Currently, almost 95 percent of spending on means-tested poverty assistance falls into four categories: cash assistance, health assistance, housing assistance, and social and family services. Welfare spending has increased on a year-over-year basis regardless of whether the economy has improved or unemployment has declined, and is projected to continue this dramatic rise indefinitely. Spending on these poverty programs will rise approximately 80 percent from FY2013-FY2022, representing a total cost of $11 trillion—roughly one quarter of cumulative federal spending. Slowing the growth rate from 80 percent to a still massive 60 percent would thus result, according to standard congressional budget accounting, in a $1 trillion savings over ten years.

The Budget Committee blames the sprawling growth in welfare spending on the Federal government’s use of aggressive recruitment methods in recent years to grow the number of American welfare recipients.

Senator Jeff Sessions (R- Ala.), a ranking member of the committee, said last October when numbers were first released indicating that the Nation spent more than $1 trillion on welfare in FY2011: “No longer should we measure compassion by how much money the government spends but by how many people we help to rise out of poverty. Welfare assistance should be seen as temporary whenever possible, and the goal must be to help more of our fellow citizens attain gainful employment and financial independence.”




http://personalliberty.com/2013/01/1...n-next-decade/
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