I don't know if you're trolling or what, but the difference is one you're obligated to pay back, the other you're not. The bank expects to make a profit off its loan to you, while government does not.* That's a pretty big difference.
*Though it can be argued that at least some "welfare" programs have as a partial goal an overall benefit, or profit, to society.
I promise I wasn't trolling
The US wasn't ruined by people on welfare, it was ruined by responsible adults who go to work everyday but were caught up in a false dream.
I remember being a little dude in the car listening to car advertisements on the radio and going "how the hell can you lease a BMW...for $200 a month...The car is $50,000"
Or
"How can anyone buy a house when they don't have nearly the money for it? People are going to be paying off that house for the rest of their lives? You just need to pay like $50,000 for a $500,000 house? and that's a GOOD downpayment? People think they'll have a job that can pay their loan for 30 years? REALLY?"
I was a little little kid then, and it seemed ridiculous. Turns out, this economic model WAS ridiculous. It was all a pipe dream.
Hard working people collectively destroyed the system, not the scum of the earth. Debt is such a bigger problem than handing out checks. What welfare does, giving the people "bread & circuses," is make them a segment of the population that is useless and are the pawns and developing indentured servant class.
Just wait till the Student Loan Welfare bubble bursts next (yay hot young indentured servant girls)...And what sucks is the parents of these kids got student loans when THEY were in school, defaulted on the loan declaring bankruptcy, made it to medical school with a clean bill and became hotshot doctors not wanting to pay their taxes or contribute to society...That's how it was done in the 70s...And our lovely parents closed the loophole for future generations. Why? Too many dark people going to school on government money, of course, so that's why there is emphasis on fraternities/sororities for assistance for students who will lead the country.
It's a lovely cycle of nonsense that only stops when you remove yourself from the hoarde of profane, vulgar, and unconscious dolts who are both part of the 1% and 99%. It isn't a money issue as much as like...an issue on the quality of human.
Debt is welfare, you aren't entitled to carry a balance month to month, even if it's legal. If we're going to use the law to gauge ethical behavior...We're already dead.
(not to mention that the use of credit cards, and the ability to carry a balance, artificially inflated the price of EXISTENCE because more people could buy more shit with money they didn't have, so they needed to increase the minimum wage to keep things "fair" and what do you know...Problems come from the top down, the bottom don't have anything or the energy with which to cause problems.)