Saturday, October 27, 2012

Welfare Arithmetic

The federal poverty threshold for a family of four is $22,350.

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.

Got that? If the poor were paid cash, they would have over $83,000 of income.

Of course, they don't get $83,000, they get much less after overhead costs are incurred. I will leave you to ponder those costs. My point would be why not cut out out the middleman and not pay them cash.

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