We’ve got far more to do in this debt debate. It has just begun. As you can see below our country depends on it.
I’VE BEEN BREAKING DOWN STORIES TO TALK ABOUT ON MY SHOW. THESE NUMBERS JUMPED OUT AT ME LAST WEEK AND ARE IMPORTANT TO UNDERSTAND WHY WE’RE CREATING FUTURE GENERATIONS OF AMERICANS WHO WILL ASSUME IT’S GOVERNMENT’S JOB TO TAKE CARE OF THEM.
I hope you like Baklava because Greece, Here We Come!
According to the most recent government data, today some
50.5 million Americans are on Medicaid,
46.5 million are on Medicare,
52 million on Social Security,
five million on SSI,
7.5 million on unemployment insurance, and
44.6 million on food stamps and other nutrition programs.
24 million get the earned-income tax credit, a cash income supplement.
None of this includes the ObamaCare entitlement that will place 30 million more Americans on government health rolls.
ALSO NOTE THAT THE FIRST STIMULUS BILL KILLED THE WELFARE REFORM ACT OF 1996 AND BEGAN PAYING STATES BOUNTIES FOR EACH ADDITIONAL PERSON ADDED TO THE WELFARE AND FOOD STAMP ROLLS.
THIS IS A PERVERSE DISTORTION. IT MAY TAKE DECADES TO UNDO IT ALL.
FROM LAST WEEK’S WSJ HERE.
ALSO CHECK OUT STEPHEN MOORE’S RECENT MAKERS AND TAKERS STORY HERE.
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