The cost to America

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(1) 49% of Americans now rely on government for at least part of their income

“A record 49 percent of Americans live in a household where someone receives at least one type of government benefit,of Americans live in a household where someone receives at least one type of government benefit, according to the U.S. Census Bureau. And 63 percent of all federal spending this year will consist of checks written to individuals for which the government receives currently no services, the White House budget office estimates. That’s up from 46 percent in 1975 and 18 percent in 1940.”

(Bloomberg)

 


 

(2) An original EntitlementsDestroyLives.com presentation

The following presentation shows that our welfare state is now costing America half of our entire federal budget – and that we are now borrowing every cent that’s required to maintain it, each year.

This is despite the fact that according to major think tanks (example), only 14% of our federal expenditures go to pay for “safety-net” programs.

How long could a household that earns $30,000 a year but spends $60,000 a year be able to find sources that are willing to make $30,000 loans, year in and year out?  We are on a path towards bankruptcy – and this has not even entered into our national discussion.

2010 Spending 10apr12

 

 


 

(3) What are the hidden costs of Welfare Entitlements?

How many people who would otherwise be independent, productive, taxpaying members of society are now idled through the entitlement mentality and lifestyle?

How much is this situation costing America in terms of lost productivity gains, unrealized innovation, and continuing deficits in competitiveness with other nations as an investment destination?

 

 

 

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