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Saturday, January 30, 2010

Greedy Conservatives?

*More from Z-

According to the United States Census Bureau poverty in the U.S. reached 19.00% in 1964. In response, President Lyndon Baines Johnson increased spending on education, and established Medicare and Medicaid. The two entitlement programs were signed into law on July 30, 1965.

Since 1964 the Federal Government, according to the Federal Budget, spent taxpayer dollars on entitlement programs as follows:

Category includes unearned Earned Income Tax Credits

In 2008 the United States Census Bureau reported the poverty level 13.20%. That is a reduction in poverty of 5.80%. In other words it required $4.335 trillion dollars to reduce poverty by 1%.

The total amount of entitlement spending represents $85,222 for every U.S. citizen (after eliminating illegals from the population count). It equates to $218,612 for every U.S. house hold. And it equals $272,527 for every tax payer after removing tax filers that owe no taxes or receive tax credits.

Conservatives truly hate the poorest among us! LOL

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