Think by Numbers » Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs
Time Magazine, Vol. 152 No. 19 About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006. Before we look at the details, a heartfelt plea from the Save the CEO’s Charitable Trust: There’s so much suffering in the world. “It felt like a slap in the face. It doesn’t have to be this way. For just $93 billion a year the federal government is able to provide a better life for these CEO’s and their families. Definition: social welfare n. When one thinks about government welfare, the first thing that comes to mind is the proverbial welfare queen sitting atop her majestic throne of government cheese issuing a royal decree to her clamoring throngs of illegitimate babies that they may shut the hell up while she tries to watch Judge Judy. TANF (Temporary Aid to Needy Families) Graph Source: n.