48.6%
"Some 48.6% of the population lived in a household receiving some type of
government benefit in the second quarter of 2010, up a notch from 48.5%
in the first quarter, according to Census data."
Read the story at The Wall Street Journal.
Two thoughts immediately come to mind: 1) The money has to come from somewhere. In an ever-expanding world of government "assistance" it must make sense that this money supply is finite. Yet there are many who will argue for more taxes, more spending, more programs. 2) No one will ever prosper under government benefits; they will exist, survive, make it, depend on it. We are developing a dependent class in this country. Huge industries and political classes are built around this dependent class, feeding it, thriving off of it and gaining power from it.
48.6%.
Read the story at The Wall Street Journal.
Two thoughts immediately come to mind: 1) The money has to come from somewhere. In an ever-expanding world of government "assistance" it must make sense that this money supply is finite. Yet there are many who will argue for more taxes, more spending, more programs. 2) No one will ever prosper under government benefits; they will exist, survive, make it, depend on it. We are developing a dependent class in this country. Huge industries and political classes are built around this dependent class, feeding it, thriving off of it and gaining power from it.
48.6%.
And then, there is the other type of government support, government employees. Don't get me wrong, they provide services, many of which we actually need and voted to support, but it is the fastest growing job sector in size and pay.
It alarmed me when I went to work downtown on Martin Luther King Day that Newark, Ohio was nearly a ghost town. I have been working so hard, I forgot it was a holiday. It was eerie until I remembered the holiday. Some of the absence was from private industry like banks, but the majority of it was due to closed government offices. In my little part of the world, it was a sparse few creating the revenue to pay for this massive government dependency on this day. The empty town was a very real representation of what is happening.
We're in serious trouble and it's just a matter of time without an quick reversal. I don't think we should worry, but it could be wise to prepare for the worst.
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The mortgage interest deduction is included here I would guess? Or not? If not, I would be even more alarmed. If it is, then as Pogo once said... "it is (also)us." E.
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No sir. It is not.
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It's official then. Even more alarmed. Thanks, E.
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