Monday, November 22, 2021

Largest Welfare Increase in U.S. History Will Boost Government Support to $76,400 per Poor Family

AP Photo/Susan Walsh, File
Government supports would grow to $76,400 per poor family
This week, the House of Representatives is expected to vote on the partisan “Build Back Better Act.” This legislation, if enacted, would generate the largest increase in means-tested welfare spending in U.S. history.
House leadership has allegedly cut the 10-year costs of the bill in half. But these “savings” are almost entirely due to the gimmick of terminating or curtailing the bill’s enormous spending initiatives halfway through the 10-year budget window or sooner.
Have you ever seen the federal government pull the plug on a welfare program after five years?
New means-tested spending alone will cost over $800 billion in the first five years. If this new spending were fully funded through the entire 10-year budget window, the total cost would exceed $2.5 trillion.
This mountain of spending would be piled atop the current means-tested welfare system that already spends $1.16 trillion per year providing cash, food, housing, medical care and social services to poor and low-income people. --->READ MORE HERE
Largest Welfare Increase in U.S. History Will Boost Government Support to $76,400 per Poor Family:
The massive spending hikes proposed in the Biden Administration’s revised Build Back Better Act would be by far the largest increase in means-tested welfare spending in U.S. history, piled on top of the existing welfare system that costs $1.16 trillion per year. The average poor family with children already receives $65,200 in cash, food, housing, medical care, and educational support from the taxpayer each year. The Biden plan would add at least another $11,300, with payoffs to special-interest groups including the public school industry, teachers’ unions, and large center-based day care. The plan reverses the Clinton-era welfare reforms, resurrecting the failed policy of rewarding families for not working and exacerbating the welfare system’s already potent marriage penalties.
Key Takeaways
1. The U.S. has an extensive support system for the poor; the average poor family with children receives $65,200 in government benefits and resources each year.
2. President Biden proposes the largest welfare expansion in U.S history, which would add some $11,300 in new benefits for each poor family.
3. Expanding government benefits and support to over $76,400 per family while scrapping work requirements would trap many families in costly and harmful dependence. --->READ MORE HERE
If you like what you see, please "Like" us on Facebook either here or here. Please follow us on Twitter here.


No comments: