” 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 .
” 10 Reasons America is Not Better Off Than Before Obama “
“1980, presidential hopeful Ronald Reagan said, “are you better off than you were four years ago? Is it easier for you to go and buy things in the stores than it was four years ago? Is there more or less unemployment in the country
than there was four years ago? Is America as respected throughout the world as it was? Do you feel that our security is as safe, that we’re as strong as we were four years ago?”
Washington Post points out a few stats:
1. Median household income fell 4.8%, to $50,964 from June 2009 to June 2012.
2. Incomes have dropped more since the start of the recovery than they did during the recession itself. (Recession was from December 2007 to June 2009.) ”
Read the rest .
Doug Ross has a very interesting post on the dramatic climb in both people filing for disability ..
And those claiming food stamps ..
that will give the freedom lover much pause … Check it out .