The Welfare Chart that Says it All

Tuesday, January 15th, 2013 and is filed under Blog, Debt, Economy

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Despite spending $18 trillion on the war on poverty since 1965, the poverty rate is at its highest rate since the ill-fated anti-poverty programs were enacted.  In 2011, we spent $746 billion in federal funds and $254 in state matching funds on all welfare programs, including Medicaid.  What do we have to show for it?  A poverty rate of over 15%, the highest since the ’60s.

And where are we headed?

Here is a chart from Senate Budget Committee Chairman Jeff Sessions, which projects the unsustainable trajectory of our welfare spending: