” New data has revealed what is perhaps the most depressing economic statistic of the year: More people in America are on welfare than have full-time jobs. Yes, you read that correctly. Welfare is now America’s most popular occupation.
From the U.S. Census Bureau, reported by Investor’s Business Daily:
At the end of 2011, the last year for which data are available, some 108.6 million people received one or more means-tested government benefit programs — bureaucratese for welfare.
Meanwhile, there were just 101.7 million people with full-time jobs, the Census data show, including both the private and government sectors.”
This aspect of Obama’s “Hope & Change” can only end badly , for as Alexis de Toqueville said :
“The American Republic will endure until the day Congress discovers that it can bribe
the public with the public’s money.”
It would appear that we’ve reached the endgame , which has been the progressive goal all along . A nation of dependents will continue to elect those that dole out the “entitlements” but another wise , departed soul had the last word on government largesse …. Lady Thatcher’s famous quote immediately comes to mind as we tumble headlong into insolvency :
“The problem with socialism is that you eventually run out of other people’s money.”
For those that haven’t noticed , we’ve run out of other people’s money .