• Mr. Steven J. Muehler

Steve Muehler's Plan to Cap Total Means-Tested Welfare Spending

Updated: Apr 23

The U.S. welfare system consists of approximately 80 federally means-tested welfare programs that provide cash, food, housing, medical care, and social services to poor and lower-income Americans. Total spending on these programs in FY 2013 was $943 billion. Total annual welfare spending has increased sixteen-fold since the 1960's, and has cost taxpayers a total of $22 trillion, or three times the amount the government has spent on all military wars combined since the beginning of the nation’s history. Furthermore, welfare spending is expected to amount to $13 trillion over the next decade alone.

Welfare spending must be put on a more prudent course, and I have detailed this in further detail under my GUARANTEED SOCIAL INCOME PROGRAM. Rolling back spending to pre-recession levels (plus 10 percent) as the economy recovers, and then capping it at the rate of inflation, would require policymakers to direct welfare spending to the areas of greatest priority, rather than allowing welfare spending to simply continue its upward climb without helping individuals achieve self-sufficiency.

Steve Muehler is the Founder & Managing Member of the Private Placement Markets:

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