America Turns To Welfare As Obamanomics Rots The Economy - Investors.com:"A Senate report earlier this year noted that, based on Congressional Budget Office projections, welfare spending will rise 80% over the next 10 years.
That's $11 trillion in welfare spending over that time. Just cutting that growth to 60%, the report found, would save taxpayers $1 trillion.
But, as we've seen, that won't happen.
Yet, surely all this money must be making a dent in all the poverty.
Nope.
Today, 46.5 million Americans live in poverty and more than 70% of all federal spending goes to dependency programs, like Social Security and Medicare.
At the same time, nearly half of all Americans no longer pay any federal income tax at all.
This nation was was once filled with proud workers and businesses eager to hire them.
But, as noted here Wednesday, a record 90.6 million Americans of working age are no longer in the labor force.
Logic tells us they have to be supported by (1) their own savings, (2) working children or spouses or (3) welfare."
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