PS 101 Lecture 11: Welfare

• School: University of Kentucky
• Department: Political Science
• Course: PS 101
• Professor: Stephen Voss

Document Summary

Some of it are loans to other nations. Economic growth: why did spending and revenue diverge after/during great recession. Spending increases because welfare and unemployment programs increase. Revenue decreases because amount of individuals paying income tax decreased. Healthy place to grow old, dangerous place to be young. Promises (entitlements) have been multiplying: over time. 2015-madatory spending 57. 1% discretionary 29. 9: vast majority of money is given to age 65+ I(cid:374) "9(cid:1009), for e(cid:448)ery (cid:1005)(cid:1007),(cid:1004)(cid:1004)(cid:1004) spe(cid:374)t o(cid:374) the elderly, maybe a thousand was spent on everyone else: what federal government does. Social security and medicare vastly overwhelm other things such as health, education, defense, etc. I(cid:374) (cid:1005)9(cid:1011)(cid:1006) (cid:894)through "(cid:1011)(cid:1009)(cid:895), % of po(cid:448)ertized dropped tre(cid:373)e(cid:374)dously i(cid:374) (cid:862)o(cid:448)er (cid:1010)(cid:1009)(cid:863)s(cid:895) Poverty rate has grown for children: 1 in 4 americans would be povertized without government support, u(cid:374)likely to see a re(cid:448)ersal i(cid:374) this tre(cid:374)d . Aid for young/poor hard to get: much (cid:373)ore red tape.