Welfare spending jumps 32% during Obama’s presidency

Federal welfare spending has grown by 32 percent over the past four years, fattened by President Obama’s stimulus spending and swelled by a growing number of Americans whose recession-depleted incomes now qualify them for public assistance, according to numbers released Thursday.

Federal spending on more than 80 low-income assistance programs reached $746 billion in 2011, and state spending on those programs brought the total to $1.03 trillion, according to figures from the Congressional Research Service and the Senate Budget Committee.

That makes welfare the single biggest chunk of federal spending — topping Social Security and basic defense spending.

Sen. Jeff Sessions, the ranking Republican on the Budget Committee who requested the Congressional Research Service report, said the numbers underscore a fundamental shift in welfare, which he said has moved from being a Band-Aid and toward a more permanent crutch.

“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,” the Alabama conservative said. “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.”

Via: Washington Times

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Chart of the Week: 70% of Spending Goes to Dependence Programs

Federal spending concentrated on the 47 dependence-creating government programs that include housing, farm subsidies, and entitlements now comprises more than 70.5 percent of total federal expenditures as of 2010, according to Heritage’s Index of Dependence on Government.

This represents the fourth year in a row that the Index of Dependence on Government has risen, increasing by nearly a third — 31.73 percent — in that time span.

As Heritage’s Alison Acosta Fraser, director of the Roe Institute for Economic Policy Studies, noted this week:

The 2012 Heritage Index of Dependence on Government found that 63.7 million Americans received either Temporary Assistance for Needy Families, Social Security, or support for higher education—an 8 percent increase over the previous year. These same people were very likely to receive other federal benefits, such as Medicare or food stamps. Separately, The Wall Street Journal found that in 2011, 49 percent of Americans lived in a household where at least one member of the family received a government benefit.

Then there are the 78 million baby boomers who have begun to head into retirement. Further whittling the taxpayer rolls, many  are projected to be substantially if not entirely dependent on Social Security and Medicare, further exacerbating the federal spending crisis that currently exists.

Via: The Foundry

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