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Townhall Finance
Almost Half of
America on Welfare
Mike Shedlock
Aug 24, 2014
As a result of Obamacare Medicaid expansion coupled with means-tested
Obamacare assistance, I estimate welfare rolls expanded from 35.4% of
the population in 2012 to about 40% in 2014.
Let's go through the math to see how I make that estimate.
The latest welfare statistics are from year-end 2012. Those figures
show 35.4 Percent: 109,631,000 on Welfare.
109,631,000 living in households taking federal welfare benefits
as of the end of 2012, according to the Census Bureau, equaled 35.4
percent of all 309,467,000 people living in the United States at that
time.
When those receiving benefits from non-means-tested federal programs —
such as Social Security, Medicare, unemployment and veterans benefits —
were added to those taking welfare benefits, it turned out that
153,323,000 people were getting federal benefits of some type at the
end of 2012.
Subtract the 3,297,000 who were receiving veterans' benefits from the
total, and that leaves 150,026,000 people receiving non-veterans'
benefits.
The 153,323,000 total benefit-takers at the end of 2012, said the
Census Bureau, equaled 49.5 percent of the population. The 150,026,000
taking benefits other than veterans' benefits equaled about 48.5
percent of the population.
In 2012, according to the Census Bureau, there were 103,087,000
full-time year-round workers in the United States (including 16,606,000
full-time year-round government workers). Thus, the welfare-takers
outnumbered full-time year-round workers by 6,544,000.
Breakdown by Category
82,679,000 Medicaid
51,471,000 Food Stamps
22,526,000 Women, Infants and Children Program
20,355,000 Supplemental Security Income
13,267,000 Public Housing or Housing Subsidies
5,442,000 Temporary Assistance to Needy Families
4,517,000 Other Forms of Federal Cash Assistance
Population Estimates (2013 estimates)
California 38,332,521
Texas 26,448,193
New York 19,651,127
Florida 19,552,860
Those four states have a population of 103,984,701. Those on welfare
nearly totals that amount.
Full Time Employment
BLS figures show 115.735 million "usually" working full time at the end
of 2012. There are currently 118.489 million "usually" working full
time…
Read the rest of the article at Townhall Finance
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