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01-23-2012, 01:41 AM #1
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United Welfare States of America: 2011 Nearly Half Population Received Government Ben
United Welfare States of America: In 2011 Nearly Half The Population Received Some Form Of Government Benefit
Submitted by Tyler Durden on 01/22/2012 23:02 -0500
While politicians may debate whether or not America is the most "generous" (with other generations' money of course) socialist welfare state in the history of mankind, the undoctored numbers make the affirmative case quite clear and without any chance for confusion. The single most disturbing statistic: in 2011 nearly half of the population lived in a household that receives some form of government benefit, which in turn accounted for 65% of total federal spending, or $2.5 trillion, and amount to 15% of GDP. And yet some people out there still think these people, long since indoctrinated to do little but mooch off the welfare state (which will continue subsidizing its existence so long as debt rates are so low that the government can issue trillions each year without fears of consequences) will halt their iTunes purchases, will voluntarily stop subsisting on the government's teat, or will rebel against a government which is their only source of income? Why? Especially since something tells us that there will be a peculiar overlap between this 50% and the 50% of Americans that pay zero taxes.
Of course, this chart should be observed in conjunction with the "What is this?" chart we presented two days ago from Morgan Stanley which pretty much explains everything about the US "economy"
From John Lohman
United Welfare States of America: In 2011 Nearly Half The Population Received Some Form Of Government Benefit | ZeroHedgeJoin our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Laura Loomer - Woke up this morning to a @nytimes article...
03-27-2024, 11:36 PM in General Discussion