The United States spends nearly a trillion dollars every single year on anti-poverty programs. Thats $87,000 per family of four in poverty. And yet 47 million remain in poverty? We could END poverty AND balance the budget if we: 1. Replaced all 126 federal anti-poverty programs and all state anti-poverty programs with a simple cash payment to those in poverty; 2. And if we stopped giving welfare to people not in poverty. Heres the math: Save $668 billion by ending all federal welfare programs. Save $284 billion by ending all state welfare programs. TOTAL SAVINGS: $952 Billion Cost $680 billion to end the federal budget deficit. Cost $28 billion to end state budget shortfalls. Cost $170 billion to lift everybody out of poverty: 9,497,000 families in poverty, averaging $9,576 below the poverty line; 12,416,000 other individuals in poverty, averaging $6,401 below the poverty line; $90,943,272,000 to bring all families above poverty; $79,474,816,000 to bring all individuals above poverty; $170,418,088,000 to BRING ALL AMERICANS ABOVE THE POVERTY LEVEL. TOTAL COST: $878 Billion NET SAVINGS: $74 Billion. This isnt meant to endorse such a course of action, but instead to show how utterly inept government is at reducing poverty. Nearly a trillion dollars spent every single year, and yet 47 million remain in poverty?! Either our definition of poverty is completely wrong, or the government is really, REALLY inept at ending poverty. SOURCES: census.gov/prod/2012pubs/p60-243.pdf census.gov/hhes/www/poverty/data/threshld/thresh11.xls census.gov/hhes/www/poverty/data/incpovhlth/2011/table3.pdf thf_media.s3.amazonaws/infographics/2012/10/special-welfare-spending-2012_HIGHRES.jpg cato.org/sites/cato.org/files/pubs/pdf/PA694.pdf
Posted on: Sun, 05 Oct 2014 00:43:26 +0000
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