Wednesday, September 23, 2009

Obama 2010 Welfare Spending Will Dwarf Bush's Iraq War Spending

Obama and some of his ideological peers. Some are actually his friends.

Shocking story here.

And we thought Bush spent a lot on the wars, never mind that Obama's continuing the spending on those, in addition to the neo-communist crap he's wasting money on, as if he's an alcohol-poisoned sailor...

Funny... Obama blasted Bush for spending what he did on the Iraq war, saying that it was going to hurt America.

“Because of the Bush-McCain policies, our debt has ballooned,” then-Sen. Barack Obama told a Charleston, W.V., crowd in March 2008. “This is creating problems in our fragile economy. And that kind of debt also places an unfair burden on our children and grandchildren, who will have to repay it.”

During the entire administration of George W. Bush, the Iraq war cost a total of $622 billion, according to the Congressional Research Service.

But today, Obama doesn't give a damn about the ballooning debt.

President Obama’s welfare spending will reach $888 billion in a single fiscal year--2010--more than the Bush administration spent on war in Iraq from the first “shock and awe” attack in 2003 until Bush left office in January.

Obama’s spending proposals call for the largest increases in welfare benefits in U.S. history, according to a report by the Heritage Foundation, a conservative think tank. This will lead to a spending total of $10.3 trillion over the next decade on various welfare programs. These include cash payments, food, housing, Medicaid and various social services for low-income Americans and those at 200 percent of the poverty level, or $44,000 for a family of four. Among that total, $7.5 trillion will be federal money and $2.8 trillion will be federally mandated state expenditures.

What does this tell us about the Obamacrat Regime?