Chart of the Day

From Jared Bernstein:

When Republican presidential candidate Mitt Romney asserted that federal low-income programs are administered so inefficiently that “very little of the money that’s actually needed by those that really need help, those that can’t care for themselves, actually reaches them,” my colleagues at the CBPP got to work on this graph.

If the goal is to hand out money, you don't need much in the way of administrative costs.