Since the beginning of the War on Poverty, government has spent $15.9 trillion (in inflation-adjusted 2008 dollars) on means-tested welfare. In comparison, the cost of all other wars in U.S. history was $6.4 trillion (in inflation-adjusted 2008 dollars).
Under President Obama, government will spend more on welfare in a single year than President George W. Bush spent on the war in Iraq during his entire presidency.
According to President Obama's budget projections, federal and state welfare spending will total $10.3 trillion over the next 10 years (FY 2009 to FY 2018). This spending will equal $250,000 for each person currently living in poverty in the U.S., or $1 million for a poor family of four.
Over the next decade, federal spending will equal $7.5 trillion, while state spending will reach $2.8 trillion. These figures do not include any of the increases in health care expenditure currently being debated in Congress.
Click the link to read the entire article at the Heritage Foundation
Obama to Spend $10.3 Trillion on Welfare:
Posted by BluShadow at 9/16/2009 10:21:00 AM
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