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Wednesday, September 23, 2009

Obama Will Spend More on Welfare in the Next Year Than Bush Spent on Entire Iraq War, Study Reveals

From CNSNews:
During the entire administration of George W. Bush, the Iraq war cost a total of $622 billion, according to the Congressional Research Service.

President Obama's welfare spending will reach $888 billion in a single fiscal year --2010 -- more than the Bush administration spent on war in Iraq from the first "shock and awe" attack in 2003 until Bush left office in January.

Obama's spending proposals call for the largest increases in welfare benefits in U.S. history, according to a report by the Heritage Foundation, a conservative think tank. This will lead to a spending total of $10.3 trillion over the next decade on various welfare programs. These include cash payments, food, housing, Medicaid and various social services for low-income Americans and those at 200 percent of the poverty level, or $44,000 for a family of four. Among that total, $7.5 trillion will be federal money and $2.8 trillion will be federally mandated state expenditures.
Read the full story at the link below:

CNSNews.com - Obama Will Spend More on Welfare in the Next Year Than Bush Spent on Entire Iraq War, Study Reveals

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