Bill258 Wrote:
Nov 09, 2012 8:44 AM
There are 83 federal programs that provide benefits to low-income residents. In fiscal year 2011, federal spending for these programs totaled $746 billion, excluding benefits for veterans. The largest spending was for Medicaid ($296 billion), food stamps ($75 billion), earned income tax credit ($56 billion), college Pell grants ($41 billion), child tax credit ($23 billion), Medicare prescriptions ($22 billion), and section-8 housing ($19 billion). In addition, states spent $283 billion on these federal programs, resulting in a total of $1.028 trillion.