One-third of All Income is Government Aid – WHAT?!
A very disturbing report this week reveals that one-third of all “income” received in America is money received from a government agency. What!?
Whether via MediCare, MedicAid, welfare, unemployment insurance, etc… one in three of all income-dollars is spawned from a government fund, whether or not there is actually tax revenue to cover the outflow.
This is before ObamaCare has completely settled in and taken hold. This is before we have seen the end of our current recession. This is before the states have finished their local battles on finance reform. Where does it stop? And, what will it take to change course? 2012 may reveal the answer.
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