Number of the Week: Half of U.S. Lives in Household Getting Benefits!

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woodcanoe
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Joined: 02/22/2005 - 1:01am
Number of the Week: Half of U.S. Lives in Household Getting Benefits!

49.1%!

......"49.1%: Percent of the population that lives in a household where at least one member received some type of government benefit in the first quarter of 2011".....

......."Cutting government spending is no easy task, and it’s made more complicated by recent Census Bureau data showing that nearly half of the people in the U.S. live in a household that receives at least one government benefit, and many likely received more than one".......

Add to this all those employed in industries that supply government with all the wonderul goods and services they think it needs.......and it is easy to see the conumdrum we are in.

Way over 50% of us derive something from "government" so, as many have beens saying, way over half of us are "riding in the wagon" leaving a lot fewer of the rest of us to "pull the wagon".

[url=http://blogs.wsj.com/economics/2012/05/26/number-of-the-week-half-of-u-s... the WSJ: What is going to happen is no longer in doubt, when is the only question left to answer[/url]

WC

pmconusa
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Joined: 04/20/2000 - 12:01am
woodcanoe: I challenge your

woodcanoe: I challenge your number and would guess it is more more like 90%. Federal and state money supports the school system which benefits nearly every child. Nearly everyone over 65 collects Social Security payments even Warren Buffet. All those recently out of work collect unemployment benefits and their are millions directly or indirectly on the government payroll. Those who earn less than $20,000 collect earned income tax credits if they aren't too dumb to not apply for them. Then you need to count those on food stamps, Aid to dependent Children and countless other government support programs. How about the farmers who collect subisidies. Then there are the 2+ million incarcerated in local, state and federal prisons. Then you have all those retired government workers who contributed very little to their own retirement funds. I'd better stop here or I'll find myself claiming 100%.

Jim Corr
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Joined: 05/25/2007 - 4:04pm
Well I have to own up to this

Well I have to own up to this one. I'm collecting my government pension (36 years military and civilian combined service), and also Social Security at age 63.

Bruce Libby
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Joined: 01/17/2006 - 7:08pm
Well Jim Corr it is plain to

Well Jim Corr it is plain to see just whose fault it is,you 49.1% er !
I would suggest you print that w/ sharpie marker on your forehead.
Good for you Jim Corr!

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