Wednesday, April 20, 2011

Tipping Point: Government Cash Handouts Now Top Tax Revenues

If this isn't a harbinger of bad times, I'm not sure what would qualify.

U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression.

Gee, I'm not a math major, but that sounds... how you say in English? ...unsustainable to me.

Households received $2.3 trillion in some kind of government support in 2010. That includes expanded unemployment benefits, as well as payments for Social Security, Medicare, Medicaid, and stimulus spending, among other things... But that’s more than the $2.2 trillion households paid in taxes, an amount that has slumped largely due to the recession, according to an analysis by the Fiscal Times.

Mission Redistribution... Accomplished!

Also, an estimated 59% of the 308.7 million Americans in this country get at least one federal benefit, according to the Census Bureau, based on 2009 data. An estimated 46.5 million get Social Security; 42.6 million get Medicare; 42.4 million get Medicaid; 36.1 million get food stamps; 12.4 million get housing subsidies; and 3.2 million get Veterans' benefits.

And the handouts from the government have been growing. Government cash handouts account for a whopping 79% of household growth since 2007, even as household tax payments--for things like the income and payroll tax, among other taxes--have fallen by $312 billion.

We have incurred massive deficits under the aegis of "Stimulus" that failed to stimulate anything other than public sector union jobs.

We have seen an unprecedented expansion of the welfare state, which is, as the author observes, "a tough feeding trough to take away from voters."

Social Security and Medicare are poised to implode like a twisted Ponzi scheme of such scale that the housing crisis looks like a pothole in comparison.

And, finally, we're headed for an inevitable downgrade of U.S. sovereign debt should conservatives not win the day against Democrats and RINOs.

For if we conservatives do not succeed, our system, our civil society, will remain stable... until it doesn't. And then, somewhere, Cloward and Piven will beam as the most magnificent society ever seen on the face of the Earth begins to crumble.

Linked by: Michelle Malkin. Thanks!


Anonymous said...

Almost as many Americans get Medicaid, a program which provides better benefits than Medicare, although these people have paid not a cent for it. Americans must pay for Medicare.

Doesn't something seem wrong here?
Worse half of Social Security programs benefits are paid to support the SSI system. A program that provides for those who cannot work (disabiled) because they do not qualify for Social Security disability. The vast majority of these are drug, alcohol, and other abusers.

Again SSI is a vast cost that pays to illegal aliens. Anyone over 65 qualifies, even Mr. Park who never worked a day in the USA.

So taxpayers, your ruling elites consider you suckers. Keep voting them in.

Hal (GT) said...

Seems to me that this also happened in 2008.