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Old 10-23-2013, 05:59 PM
 
Location: Maryland
18,630 posts, read 19,421,721 times
Reputation: 6462

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Report: U.S. Spent $3.7 Trillion on Welfare Over Last 5 Years | The Weekly Standard

Quote:
New research from the Republicans on the Senate Budget Committee shows that over the last 5 years, the U.S. has spent about $3.7 trillion on welfare. Here's a chart, showing that spending versus transportation, education, and NASA spending:


http://www.weeklystandard.com/sites/all/files/images/U.S.%20Has%20Spent%20$3.7%20Trillion%20On%20Welfar e%20Over%20Past%205%20Years.preview.jpg

Last edited by CaseyB; 10-24-2013 at 01:15 PM.. Reason: copyright - too long
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Old 10-23-2013, 06:13 PM
 
Location: Here
11,578 posts, read 13,950,520 times
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The writing's on the wall folks.
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Old 10-23-2013, 06:15 PM
 
45,226 posts, read 26,450,499 times
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Well anyone who disagrees with such spending is automatically categorized as a selfish **** who wants to see people go without cell phones, air conditioning, lottery tickets, booze, smokes and ten year old cars.
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Old 10-23-2013, 06:20 PM
 
Location: Great State of Texas
86,052 posts, read 84,495,743 times
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Well now it's over $1 trillion annually and growing at a 20% clip.

83 means tested programs that cost us over $1 trillion a year now.
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Old 10-23-2013, 06:25 PM
 
Location: Barrington
63,919 posts, read 46,748,172 times
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Welfare spending peaked in 2010 and has been declining ever since.

It put money into the economy that otherwise would not have been there.

Can it be reduced more and sooner? Sure. I'll leave it to the economists to determine the impact on overall economy. Austerity can trigger another recession and we are right back where it started.
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Old 10-23-2013, 06:27 PM
 
Location: Portland, Oregon
46,001 posts, read 35,180,801 times
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Quote:
Originally Posted by middle-aged mom View Post
Welfare spending peaked in 2010 and has been declining ever since.

It put money into the economy that otherwise would not have been there.

Can it be reduced more and sooner? Sure. I'll leave it to the economists to determine the impact on overall economy. Austerity can trigger another recession and we are right back where it started.
I agree with you on this one. As the economy gets better, we will see this number begin to drop.
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Old 10-23-2013, 06:27 PM
 
45,226 posts, read 26,450,499 times
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Quote:
Originally Posted by middle-aged mom View Post
Welfare spending peaked in 2010 and has been declining ever since.

It put money into the economy that otherwise would not have been there.

Can it be reduced more and sooner? Sure. I'll leave it to the economists to determine the impact on overall economy. Austerity can trigger another recession and we are right back where it started.
No it took money out the economy that was better off left in it,and replaced it with debt.
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Old 10-23-2013, 06:32 PM
 
12,973 posts, read 15,802,978 times
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So guys...what is the right number?

You do not like 3.7 trillion. How about 50% more and cut it in half in ten years?

How about we spend enough money to hit 95% graduation rate from high school and then make it back from the resulting kick to the economy?
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Old 10-23-2013, 06:34 PM
 
Location: Portland, Oregon
46,001 posts, read 35,180,801 times
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Quote:
Originally Posted by Frank DeForrest View Post
No it took money out the economy that was better off left in it,and replaced it with debt.
Huh? You do know welfare is money in some shape or form that goes towards people who need it and then in turn use that money as they get it, thus putting money back into the economy?
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Old 10-23-2013, 06:39 PM
 
Location: Atlantis
3,016 posts, read 3,911,025 times
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The 3.7 trillion was just an investment by the federal government and the taxpayers in preventing a loss over a period of years in US GDP of an amount in excess of 3.7 trillion if the money had not been redistributed in the form of welfare.

It would have been far more expensive to attempt to control the riots in the streets and prolonged Marshall Law as well as repair destruction to infrastructure and the overall death toll if the money had not been given out.

The consequences of anything less than 3.7 trillion being redistributed over the course of the last five years would have been catastrophic. I am referring to the level of civil unrest and violence that would ensue if the people capable of it were not pacified with just enough to survive off of and/or if they were forced to live without the welfare.

The 3.7 trillion was dispersed in the various forms that it was because the average American is unwilling to deal with the aftermath of that money not being given to the recipients that receive it.

Cut the distribution of that money off for at least six months and the average American that is not a recipient of welfare would come to terms real fast with the end result of what would occur as well as more than likely be begging their state and federal governments to initiate the distribution again.

Basically, what I am saying is. . . . . .

End the $3.7 trillion in welfare over an average five year period - and all hell will break loose.

That money that is taken from taxpayers and re-directed towards the recipients of welfare is nothing more than an insurance premium against a scenario that is far worse than confiscatory taxation and redistribution of wealth.

It is time for the payers of welfare (taxpayers) to be intellectually and emotionally honest with themselves when they rant and rave about being 'against welfare'. They refuse to come to terms with what would occur if welfare did not exist.


the Skydive Outlaw
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