Thursday, October 18, 2012

Mr. President, where did the money go?...

good question.

Here's a big part of the answer:

From the Daily Caller (emphasis mine):

Report: Welfare government’s single largest budget item in FY 2011 at approx. $1.03 trillion
The government spent approximately $1.03 trillion on 83 means-tested federal welfare programs in fiscal year 2011 alone — a price tag that makes welfare that year the government’s largest expenditure, according to new data released by the Republican side of the Senate Budget Committee.

The total sum taxpayers spent on federal welfare programs was derived from a new Congressional Research Service (CRS) report on federal welfare spending — which topped out at $745.84 billion for fiscal year 2011 — combined with an analysis from the Republican Senate Budget Committee staff of state spending on federal welfare programs (based on “The Oxford Handbook of State and Local Government Finance”), which reached $282.7 billion in fiscal year 2011.

The data excludes spending on Social Security, Medicare, means-tested health care for veterans without service-connected disabilities, and the means-tested veterans pension program.  read the rest

Oh, and did I mention that jobless claims jumped, too?  Well, they did!

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