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Sunday, October 28, 2012

USA...The richest poor on the planet!

Over $60,000 in Welfare Spent Per Household in Poverty

     New data compiled by the Republican side of the Senate Budget Committee shows that, last year, the United States spent over $60,000 to support welfare programs per each household that is in poverty. The calculations are based on data from the Census, the Office of Management and Budget, and the Congressional Research Services.

"According to the Census’s American Community Survey, the number of households with incomes below the poverty line in 2011 was 16,807,795," the Senate Budget Committee notes. "If you divide total federal and state spending by the number of households with incomes below the poverty line, the average spending per household in poverty was $61,194 in 2011."  

...Good Lord, 16 trillion in debt and no end in sight to the reckless spending. You could tax the rich at 100% and it wouldn`t put a dent in the national debt at this rate!