New items and written articles about today's events that are relevant to Bible Prophecy
Tuesday, October 23, 2012
Government Welfare Payments Top $1 Trillion for the First Time
In response to a request from the Senate Budget Committee, the Congressional Research Service (CRS) reported that federal welfare spending reached three-quarters of a trillion dollars last year. When added to what the states spent on welfare, another $300 billion, total government welfare payments in 2011 hit $1.03 trillion. More unnerving is that the report from the CRS didn't include spending on Social Security or Medicare.
Putting it all together, federal spending on welfare greatly exceeded spending on the military ($540 billion), Social Security ($725 billion), Medicare ($480 billion) as well as the Departments of Justice ($31 billion), Transportation ($77 billion) and Education ($65 billion).
Government Welfare Payments Top $1 Trillion for the First Time
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