The Welfare Spending Chart You Won’t Want to See
The Welfare Spending Chart You Won’t Want to See
- Posted
on December 7, 2012
to you by the Senate Budget Committee Republican staff under Ranking Member
Jeff Sessions (R-Ala.):
Yep. As the chart clearly illustrates, total welfare spending in the U.S. (if
converted into cash payments) equals approximately “$168 per day for every
household in poverty,” higher than the $137 median income per-day.
From the senator’s office:
benefits, if converted into cash payments, equals enough to provide $30.60 per
hour, 40 hours per week, to each household living below poverty. The median
household hourly wage is $25.03. After accounting for federal taxes, the median
hourly wage drops to between $21.50 and $23.45, depending on a household’s
deductions and filing status. State and local taxes further reduce the median
household’s hourly earnings. By contrast, welfare benefits are not taxed.
The universe of means-tested welfare spending refers to programs that provide
low-income assistance in the form of direct or indirect financial support—such
as food stamps, free housing, child care, etc.—and which the recipient does not
pay into (in contrast to Medicare or Social Security). For fiscal year 2011,
CRS identified roughly 80 overlapping federal means-tested welfare programs
that together represented the single largest budget item in 2011—more than the
nation spends on Social Security, Medicare, or national defense. The total
amount spent on these federal programs, when taken together with approximately
$280 billion in state contributions, amounted to roughly $1 trillion. Nearly 95
percent of these costs come from four categories of spending: medical assistance,
cash assistance, food assistance, and social/housing assistance. Under the
President’s FY13 budget proposal, means-tested spending would increase an
additional 30 percent over the next four years.
The diffuse and overlapping nature of federal welfare spending has led to some
confusion regarding the scope and nature of benefits. For instance, Newark
Mayor Cory Booker has recently received a great deal of attention for adopting
the “food stamp diet” in which he spends only $4 a day on food (the average individual
benefit in his state) to apparently illustrate the insufficiency of food stamp
spending ($80 billion a year) or the impossibility of reductions. The situation
Booker presents, however, is not accurate: a low-income individual on food
stamps may qualify for $25,000 in various forms of welfare support from the
federal government on top of his or her existing income and resources—including
access to 15 different food assistance programs. Further, even if one
unrealistically assumes that no other welfare benefits are available, the size
of the food stamp benefit increases as one’s income decreases, as the benefit
is designed as a supplement to existing resources; it is explicitly not
intended to be the sole source of funds for purchasing food.
NESARA- Restore America – Galactic News
2012-12-08 20:21:09
Source: http://nesaranews.blogspot.com/2012/12/the-welfare-spending-chart-you-wont.html
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