President Obama told a gathering of business executives on Tuesday that the federal government was not “lavishly spending” on social programs.
“What we know is, is that our — our fiscal problems are not short-term deficits. Our discretionary budget, that portion of the federal budget that isn’t defense or Social Security or Medicare or Medicaid, the entitlement programs, is at its smallest level in my lifetime, probably since Dwight Eisenhower.
“We are not lavishly spending on a whole bunch of social programs out there,” Obama continued. “And in many ways, a lot of these programs have become more efficient and pretty effective,” he added.
The U.S. Treasury Department records the following expenditures on a few of the many social safety-net programs for Fiscal 2013 and Fiscal 2012. In most cases, the amounts increased year-to-year:
–Medicaid: $265.392 billion ($250.534B in FY 2012)
–Food stamps (SNAP): $82.548 billion ($80.401B in FY 2012)
–Housing and Urban Development Department: $56.576 billion ($49.578B in FY 2012)
–Supplemental Security Income: $56.489 billion ($50.674B in FY 2012)
–Child Nutrition Programs: $19.325 billion ($18.309B in FY 2012)
–Temporary Assistance to Needy Families: $17.017 billion (16.136B in FY 2012)
–Women, Infant and Children (WIC): $6.557 billion ($6.837B in FY 2012)
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