Federal Welfare Spending to Skyrocket 80 Percent in Next Decade
Currently, 95% 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% from FY2013-FY2022, representing a total cost of $11 trillion – roughly one quarter of cumulative federal spending. Slowing the growth rate from 80% to a still massive 60% would thus result, according to standard congressional budget accounting, in a $1 trillion savings over ten years. ”
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