Rising welfare spending has served as a metric for the weakness of the economy, but a new report suggests that will change in the coming years, as Obamacare increases welfare spending even after the economy bounces back.
“As projected by the Congressional Research Service, spending on welfare will continue to rise over the next decade, even as the economy is expected to recover,” the Senate Budget Committee Republicans announced today.
This year, welfare spending was approximately $1 trillion. By 2016, that number will rise by $321 billion, according to figures released by Sen. Jeff Sessions, R-Ala.
“Altogether, the President’s health law would add a new means-tested federal benefit to 30 million more Americans (many of whom do not currently receive means-tested assistance),” Sessions’ office explained. “In total, fully one-third—approximately 105 million—of all non-elderly Americans will receive their health care through the government once the law takes full effect. That figure will be even higher if the economy continues to experience weak growth.”
Mitt Romney has promised to repeal Obamacare if elected. If President Obama wins a second term, he could veto any repeal of the law unless two-thirds of the House and Senate voted to override his veto.