45% increase in food stamps, 32% increase in hand outs and a quadrupling of corporate welfare make Obama the king of socialism and crony capitalism at the same time.
While it’s true that the country has been headed in this direction for many years — with the explosion in entitlements since the 1960s and the aging of the population — Obama has, in fact, greatly accelerated the trend. Examples:
Direct payments. ….. shot up under Obama, climbing by almost $600 billion — a 32% increase — in his first three years.
People getting benefits. …. 49% now live in homes where at least one person gets a federal benefit ….. up from 44% the year before Obama took office ….
Food stamps. ….. 46 million (15% of all Americans) will get food stamps. That’s 45% higher than when Obama took office
Corporate welfare. Prior to Obama, the federal government was already dishing out $92 billion in corporate welfare programs — in the form of subsidized loans, special tax breaks, bailouts and the like — the Cato Institute found. Obama added tremendously to this largesse. Federal grants to the energy sector, for example, quadrupled to over $18 billion in 2009 …..
…. the new entitlement battle is over the size of the check you get from Washington.”
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