Did We Read This Right…..They Gotta Be Kidding, Nope They’re Not Kidding

Posted By on March 8, 2013

Here are the key words from below:  Two categories of spending represent 12.5% of all discretionary spending. These costs go up when the economy is weak, they have never, repeat never declined.

Consider just these two components of the discretionary spending budget; (1) Food Stamps, and (2) the Earned Income and Child Credits.

1) Food Stamps cost the government $82b in 2012, up from $25b in 2003 (325% increase).

2) The Earned Income and Child Credits cost $80b, up from $33b in 2003 (240% increase).

Bruce Krasting

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One Response to “Did We Read This Right…..They Gotta Be Kidding, Nope They’re Not Kidding”

  1. Sausalito Ferry Schedule

    Hello! This is my 1st comment here so I just wanted to give a quick shout out and say I really enjoy reading through your blog posts. Can you recommend any other blogs/websites/forums that cover the same topics? Many thanks!|

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