Monday, March 1, 2010

Record Levels Of Welfare, Unemployment And Other Government Benefits

See: American reliance on government at all-time high

Without record levels of welfare, unemployment and other government benefits as well as tax cuts last year, the income of U.S. households would have plunged by an astonishing $723 billion — more than four times the record $167 billion drop reported last month by the Commerce Department.

Moreover, for the first time since the Great Depression, Americans took more aid from the government than they paid in taxes.

[emphaisis is mine]

All of that is paid for somewhere. Watch your wallet.

Fun times ahead.

1 comment:

  1. Moreover, for the first time since the Great Depression, Americans took more aid from the government than they paid in taxes.

    Stories like this never end well

    ReplyDelete

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