Welfare Spending = $168 Per Day for Every Household in Poverty … $137 Median Income Per Day

 

We have reached a tipping point, welfare spending now more than medium income …  what has happened to our country? America, do you still remember what the word pride means?

As reported at the Weekly Standard, the amount of money spent on welfare programs equals, when converted to cash payments, about “$168 per day for every household in poverty.”  Welfare spending per day per household in poverty is $168, as opposed to the median income per day is only $137. Can you say unsustainable? People are going to begin to say, why work? And that is exactly how you crate a socialist society. At some point this has got to stop. For all the welfare spending, it has accomplished nothing except to create a dependent welfare class of people whose vote can be bought and the loss of liberty and self-respect.

According to the Republican side of the Senate Budget Committee, welfare spending per day per household in poverty is $168, which is higher than the $137 median income per day. When broken down per hour, welfare spending per hour per household in poverty is $30.60, which is higher than the $25.03 median income per hour.

“Based on data from the Congressional Research Service, cumulative spending on means-tested federal welfare programs, if converted into cash, would equal $167.65 per day per household living below the poverty level,” writes the minority side of the Senate Budget Committee. “By comparison, the median household income in 2011 of $50,054 equals $137.13 per day. Additionally, spending on federal welfare 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.”

Sadly, Doug Ross may have best summed up this disastrous overspending on the welfare state, “We are headed for fiscal collapse — and the welfare state keeps growing like a cancer, incentivizing sloth, formalizing a culture of dependency, and killing self-sufficiency.”

Just curious America, do you even care anyone about your country, why it was founded for Liberty?



If you liked this post, you may also like these:

  • Obamanomics: People in Poverty Up 6,667,000 … Record 46,496,000 Now Poor … Median Income Down Nearly 5% to $2,627
  • Obamanomics is Crushing America … Typical US Household Getting Poorer, Worth One-Third Less Than GWB
  • Mitt Romney’s Latest Political Ad Slams Obama’s Epic Fail Fiscal Policies ….” We Can’t Keep on Passing on Debt to Our Kids!”
  • Obama’s Hope & Change Economy … The Nation’s Official Poverty Rate in 2009 was 14.3%
  • Welfare State on Steroids … Welcome to America Where it Does not Pay to Work




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