Off-Topic: Welfare Nation
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Name:   lotowner The author of this post is registered as a member - Email Member
Subject:   Welfare Nation
Date:   3/9/2011 6:57:10 AM


This nation cannot and must not continue to promote a welfare mentality. Breaking the cycle will not be easy. Look at Wisconsin, Ohio, and several other states. Free baby deliveries, food stamps, baby sitting, telephones, medical care for Whites, Blacks, and illegal Hispanics is considered by most of this group to be guaranteed by the constitution as a right. Be ready for street fighting in order to bring under control. We've done a good job in training this group since Johnson's Great Society.

Welfare State: Handouts Make Up One-Third of U.S. Wages

Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement.

Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to TrimTabs Investment Research using Bureau of Economic Analysis data.

“The U.S. economy has become alarmingly dependent on government stimulus,” said Madeline Schnapp, director of Macroeconomic Research at TrimTabs, in a note to clients. “Consumption supported by wages and salaries is a much stronger foundation for economic growth than consumption based on social welfare benefits.”

The economist gives the country two stark choices. In order to get welfare back to its pre-recession ratio of 26 percent of pay, “either wages and salaries would have to increase $2.3 trillion, or 35 percent, to $8.8 trillion, or social welfare benefits would have to decline $500 billion, or 23 percent, to $1.7 trillion,” she said.

Other messages in this thread:View Entire Thread
Welfare Nation - lotowner - 3/9/2011 6:57:10 AM
     Welfare Nation - Talullahhound - 3/9/2011 9:31:24 AM
          Welfare Nation - Old Crappie - 3/9/2011 12:08:05 PM
               Welfare Nation - Old Crappie - 3/9/2011 12:16:46 PM
               Welfare Nation - Talullahhound - 3/9/2011 3:32:35 PM
                    Welfare Nation - Old Crappie - 3/9/2011 3:49:29 PM
                         Welfare Nation - Talullahhound - 3/9/2011 4:35:48 PM
     Welfare Nation - turkey man - 3/9/2011 3:06:38 PM



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