Sunday, January 22, 2017

Obama Was First President to Spend More on Welfare Than Defense!

Cybercast News Service ^ | January 20, 2017 | 2:52 PM EST | Terence P. Jeffrey 

Barack Obama was the first president of the United States to spend more on “means-tested entitlements”—AKA welfare—than on national defense, according to data published by his own Office of Management and Budget.

Historical tables that the OMB posted on the Obama White House website, include annual totals for both “national defense” spending and “means-tested entitlement” spending going back to fiscal 1962—which is three years before President Lyndon Johnson signed legislation creating the Medicaid program, a means-tested entitlement that together with the Children’s Health Insurance Program enrolled 74,407,191 beneficiaries as of November 2016.

In every year from fiscal 1962 through fiscal 2014, total national defense spending exceeded means-tested entitlement spending. …
(Excerpt) Read more at cnsnews.com ...

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