2007-11-17 09:21:14 · 4 answers · asked by Pratt K 1 in Social Science ➔ Economics
Federal State and local governments combined spend about 5% of GDP on means tested welfare (for the poor), with over half going to medical care and less than 1/4 going to cash benefits. Total taxes are about 30% of GDP so about 1/6 or 16% of the Federal State and Local taxes you pay gos to welfare.
Edit: the reason medical care is such a large percentage is that Medicade covers not only people on welfare, but people who are otherwise self supporting, but can not afford private medical insurance and do not have coverage on their jobs. Almost 25% of the population is now covered by Medicade.
2007-11-17 12:45:35 · answer #1 · answered by meg 7 · 0⤊ 0⤋
Far too much.
2007-11-17 09:30:34 · answer #2 · answered by E. F. Hutton 7 · 0⤊ 0⤋
Enough to make you sick
2007-11-17 09:25:24 · answer #3 · answered by Who's On First? 3 · 0⤊ 0⤋
$6.5 trillon+
2007-11-17 10:54:28 · answer #4 · answered by Jack 3 · 0⤊ 1⤋